Arbeitspapier
Cashless stores and cash users
The emergence of cashless stores has led several cities and states to ban such stores. This paper investigates this issue by characterizing consumers who pay cash for in-person purchases and consumers who do not have credit or debit cards. I construct a model of consumer payment choice and use data on payments to calibrate the burden imposed on consumers who do not have credit or debit cards from switching to cashless stores. The conclusion provides a discussion of alternatives to cash for in-person purchases that may be needed before all brick-and-mortar stores become cashless.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 2019-11
- Classification
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Wirtschaft
Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
- Subject
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cashless stores
consumer payment choice
in-person purchases
alternatives to cash
- Event
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Geistige Schöpfung
- (who)
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Shy, Oz
- Event
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Veröffentlichung
- (who)
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Federal Reserve Bank of Atlanta
- (where)
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Atlanta, GA
- (when)
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2019
- DOI
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doi:10.29338/wp2019-11
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Shy, Oz
- Federal Reserve Bank of Atlanta
Time of origin
- 2019