Another Look at Payment Instrument Economics

Allan L. Shampine

35 citations0/0 files storedReview of Network Economics

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Digital Transformation in Financial Services Economic Theory and Institutions Digital Platforms and Economics

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.

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2007The choice at the checkout: Quantifying demand across payment instruments 2006The Move Toward a Cashless Society: Calculating the Costs and Benefits 2008Efficiency and Costs of Payments: Some New Evidence from Finland

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2010Retail payments: New contributions, empirical results, and unanswered questions 2016How do different payment methods deliver cost and credit efficiency in electronic commerce?2012Measuring the Costs of Retail Payment Methods 2016Could “Nudges” Steer Us towards a Less-Cash Society?2008Could 'Nudges' Steer Us Towards a 'Less-Cash Society'?

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