Camera, Gabriele ORCID: 0000-0001-5548-2033, Casari, Marco and Bortolotti, Stefania ORCID: 0000-0002-8326-5447 (2016). An Experiment on Retail Payments Systems. J. Money Credit Bank., 48 (2-3). S. 363 - 393. HOBOKEN: WILEY. ISSN 1538-4616
Full text not available from this repository.Abstract
We develop a novel theoretical and experimental framework to study adoption and use of cash versus electronic payments in retail transactions. The design allows us to assess the behavioral impact of sellers' service fees and buyers' rewards from using electronic payments. In the experiment, buyers and sellers faced a coordination problem, independently choosing a payment method before trading. Sellers readily adopted electronic payments but buyers did not. Eliminating service fees or introducing rewards significantly increased adoption and use of electronic payments. Buyers' economic incentives were crucial for the diffusion of electronic payments but cannot fully explain their adoption choices.
Item Type: | Journal Article | ||||||||||||||||
Creators: |
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URN: | urn:nbn:de:hbz:38-282670 | ||||||||||||||||
DOI: | 10.1111/jmcb.12303 | ||||||||||||||||
Journal or Publication Title: | J. Money Credit Bank. | ||||||||||||||||
Volume: | 48 | ||||||||||||||||
Number: | 2-3 | ||||||||||||||||
Page Range: | S. 363 - 393 | ||||||||||||||||
Date: | 2016 | ||||||||||||||||
Publisher: | WILEY | ||||||||||||||||
Place of Publication: | HOBOKEN | ||||||||||||||||
ISSN: | 1538-4616 | ||||||||||||||||
Language: | English | ||||||||||||||||
Faculty: | Unspecified | ||||||||||||||||
Divisions: | Unspecified | ||||||||||||||||
Subjects: | no entry | ||||||||||||||||
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Refereed: | Yes | ||||||||||||||||
URI: | http://kups.ub.uni-koeln.de/id/eprint/28267 |
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