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Abstract: Another Look at Payment Instrument Economics
Abstract
Another Look at Payment Instrument Economics
The Review of Network Economics
Vol. 6, Issue 4 - December 2007, pp 495 - 508
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Abstract
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This article revisits the research in "The Move Toward a Cashless Society: A Closer Look at Payment Instrument Economics" in order to clarify assumptions underlying the theoretical model and how they impact the included cost and benefit categories; evaluate the estimates' plausibility by comparing the model's results to observed behaviour; and extend the sensitivity analysis.
Keywords: credit card, cash, cost benefit, welfare
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