Arbeitspapier
Explaining adoption and use of payment instruments by U.S. consumers
The way that consumers make payments is changing rapidly and attracts important current policy interest. This paper develops and estimates a structural model of adoption and use of payment instruments by U.S. consumers. We use a cross-section of data from the Survey of Consumer Payment Choice, a new survey of consumer behavior. We evaluate substitution and income effects. Our simulations shed light on the consumer response to the 2011 regulation of interchange fees on debit cards imposed by the Dodd-Frank Act, as well as the proposed settlement between Visa and MasterCard and the Department of Justice that would allow merchants to surcharge the use of payment cards.
- Language
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Englisch
- Bibliographic citation
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Series: Working Papers ; No. 12-14
- Classification
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Wirtschaft
Demand for Money
Market Structure, Pricing, and Design: Perfect Competition
Consumer Economics: Empirical Analysis
- Event
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Geistige Schöpfung
- (who)
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Koulayev, Sergei
Rysman, Marc
Schuh, Scott
Stavins, Joanna
- Event
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Veröffentlichung
- (who)
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Federal Reserve Bank of Boston
- (where)
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Boston, MA
- (when)
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2012
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the 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
- Koulayev, Sergei
- Rysman, Marc
- Schuh, Scott
- Stavins, Joanna
- Federal Reserve Bank of Boston
Time of origin
- 2012
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