Arbeitspapier

Do Consumers Pay More Using Debit Cards than Cash? An Experiment

We conduct an incentivized experiment to test whether the willingness to pay is higher for debit cards compared to cash for three consumer products. Our findings support this conjecture also after controlling for cash availability, spending type, price familiarity and consumption habits of the products. The evidence thus suggests that different representations of money matters for consumer behavior.

Language
Englisch

Bibliographic citation
Series: Working Paper ; No. 2014:21

Classification
Wirtschaft
Household Behavior: General
Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
Subject
payment methods
debit cards
cash
willingness-to-pay

Event
Geistige Schöpfung
(who)
Runnemark, Emma
Hedman, Jonas
Xiao, Xiao
Event
Veröffentlichung
(who)
Lund University, School of Economics and Management, Department of Economics
(where)
Lund
(when)
2014

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Runnemark, Emma
  • Hedman, Jonas
  • Xiao, Xiao
  • Lund University, School of Economics and Management, Department of Economics

Time of origin

  • 2014

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