The Move Toward a Cashless Society: A Closer Look at Payment Instrument Economics
AbstractEver since the first general-purpose charge card debuted in the early 1950s, pundits have been predicting the "cashless society". Over fifty years later, we may finally be getting close to that vision. This study is the first to examine empirically the move toward a cashless society using a cost-benefit framework. We find that when all key parties to a transaction are considered and benefits are added, cash and checks are more costly than many earlier studies suggest. In general, the shift toward a cashless society appears to be a beneficial one.
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Bibliographic InfoArticle provided by De Gruyter in its journal Review of Network Economics.
Volume (Year): 5 (2006)
Issue (Month): 2 (June)
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Web page: http://www.degruyter.com
Other versions of this item:
- Hahn, Robert W. & Layne-Farrar, Anne & Swartz, Daniel D. Garcia, 2004. "The Move toward a Cashless Society: A Closer Look at Payment Instrument Economics," Working paper 247, Regulation2point0.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Garcia-Swartz Daniel D. & Hahn Robert W. & Layne-Farrar Anne, 2006.
"The Move Toward a Cashless Society: Calculating the Costs and Benefits,"
Review of Network Economics,
De Gruyter, vol. 5(2), pages 1-30, June.
- Hahn, Robert W. & Layne-Farrar, Anne & Swartz, Daniel D. Garcia, 2004. "The Move Toward a Cashless Society: Calculating the Costs and Benefits," Working paper 316, Regulation2point0.
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Payment Cards Center Discussion Paper
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- Chakravorti Sujit, 2003. "Theory of Credit Card Networks: A Survey of the Literature," Review of Network Economics, De Gruyter, vol. 2(2), pages 1-19, June.
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