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Abstract

The Move Toward a Cashless Society: Calculating the Costs and Benefits

The Review of Network Economics

Vol. 5, Issue 2 - June 2006, pp 199 - 228



Author
  Daniel D. Garcia-Swartz
LECG

Robert W. Hahn
American Enterprise Institute-Brookings Joint Center for Regulatory Studies
E-mail: [email protected]

Anne Layne-Farrar
LECG

Abstract
  While the "cashless society" has not yet fully become a reality, payment choices by consumers and merchants have been moving the U.S. economy in that direction slowly and steadily over the past five decades. In this study, a companion paper to Garcia-Swartz (2006a) in this volume, we lay out the detailed cost and benefit calculations behind our analysis of the steady changes in transaction payment methods.

Keywords: payment cards, credit, debit, cash, electronic payments

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