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Another Look at Payment Instrument Economics

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  • Shampine Allan

    (Lexecon)

Abstract

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.

Suggested Citation

  • Shampine Allan, 2007. "Another Look at Payment Instrument Economics," Review of Network Economics, De Gruyter, vol. 6(4), pages 1-14, December.
    • Handle: RePEc:bpj:rneart:v:6:y:2007:i:4:n:4
    DOI: 10.2202/1446-9022.1131
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    Cited by:

    1. Takala, Kari & Virén, Matti, 2008. "Efficiency and costs of payments : some new evidence from Finland," Research Discussion Papers 11/2008, Bank of Finland.
    2. Humphrey, David B., 2010. "Retail payments: New contributions, empirical results, and unanswered questions," Journal of Banking & Finance, Elsevier, vol. 34(8), pages 1729-1737, August.
    3. Takala, Kari & Virén, Matti, 2008. "Efficiency and costs of payments: some new evidence from Finland," Bank of Finland Research Discussion Papers 11/2008, Bank of Finland.
    4. repec:zbw:bofrdp:2008_011 is not listed on IDEAS
    5. Fumiko Hayashi & William R. Keeton, 2012. "Measuring the costs of retail payment methods," Economic Review, Federal Reserve Bank of Kansas City, vol. 97(Q II).

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