IDEAS home Printed from https://ideas.repec.org/p/ags/aaea26/404517.html

Cash Or Digital: How Payment Method Influences Consumer Choice Behaviour In Discrete Choice Experiments

Author

Listed:
  • Akinwehinmi, Oluwagbenga
  • Colen, Liesbeth
  • Caputo, Vincenzina

Abstract

No abstract is available for this item.

Suggested Citation

  • Akinwehinmi, Oluwagbenga & Colen, Liesbeth & Caputo, Vincenzina, 2026. "Cash Or Digital: How Payment Method Influences Consumer Choice Behaviour In Discrete Choice Experiments," 2026 Annual Meeting, July 26 - 28, 2026, Kansas City, Missouri 404517, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea26:404517
    DOI: 10.22004/ag.econ.404517
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/404517/files/177542_195186_115232_AAEA_2026_Paper_Akinwehinmi.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.404517?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Boden, Joe & Maier, Erik & Wilken, Robert, 2020. "The effect of credit card versus mobile payment on convenience and consumers’ willingness to pay," Journal of Retailing and Consumer Services, Elsevier, vol. 52(C).
    2. Hirschman, Elizabeth C, 1979. "Differences in Consumer Purchase Behavior by Credit Card Payment System," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 6(1), pages 58-66, June.
    3. Linhai Wu & Hongsha Wang & Dian Zhu, 2015. "Analysis of consumer demand for traceable pork in China based on a real choice experiment," China Agricultural Economic Review, Emerald Group Publishing Limited, vol. 7(2), pages 303-321, May.
    4. Vincenzina Caputo & Angelos Lagoudakis & Robert Shupp & Claudia Bazzani, 2023. "Comparing experimental auctions and real choice experiments in food choice: a homegrown and induced value analysis," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 50(5), pages 1796-1823.
    5. Danny Campbell & W. George Hutchinson & Riccardo Scarpa, 2006. "Lexicographic Preferences in Discrete Choice Experiments: Consequences on Individual-Specific Willingness to Pay Estimates," Working Papers 2006.128, Fondazione Eni Enrico Mattei.
    6. Morten Raun Mørkbak & Søren Bøye Olsen, 2015. "A within-sample investigation of test–retest reliability in choice experiment surveys with real economic incentives," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 59(3), pages 375-392, July.
    7. Levitt, Steven D. & List, John A., 2009. "Field experiments in economics: The past, the present, and the future," European Economic Review, Elsevier, vol. 53(1), pages 1-18, January.
    8. Van Loo, Ellen J. & Caputo, Vincenzina & Lusk, Jayson L., 2020. "Consumer preferences for farm-raised meat, lab-grown meat, and plant-based meat alternatives: Does information or brand matter?," Food Policy, Elsevier, vol. 95(C).
    9. Soman, Dilip, 2001. "Effects of Payment Mechanism on Spending Behavior: The Role of Rehearsal and Immediacy of Payments," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 27(4), pages 460-474, March.
    10. John M. Rose & Michiel C.J. Bliemer, 2014. "Stated choice experimental design theory: the who, the what and the why," Chapters, in: Stephane Hess & Andrew Daly (ed.), Handbook of Choice Modelling, chapter 7, pages 152-177, Edward Elgar Publishing.
    11. Roy Brouwer & Solomon Tarfasa, 2020. "Testing hypothetical bias in a framed field experiment," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 68(3), pages 343-357, September.
    12. Vincenzina Caputo, 2020. "Does information on food safety affect consumers' acceptance of new food technologies? The case of irradiated beef in South Korea under a new labelling system and across different information regimes," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(4), pages 1003-1033, October.
    13. Linhai Wu & Hongsha Wang & Dian Zhu, 2015. "Analysis of consumer demand for traceable pork in China based on a real choice experiment," China Agricultural Economic Review, Emerald Group Publishing Limited, vol. 7(2), pages 303-321, May.
    14. David Danz & Lise Vesterlund & Alistair J. Wilson, 2024. "Evaluating Behavioral Incentive Compatibility: Insights from Experiments," Journal of Economic Perspectives, American Economic Association, vol. 38(4), pages 131-154, Fall.
    15. Yaron Azrieli & Christopher P. Chambers & Paul J. Healy, 2018. "Incentives in Experiments: A Theoretical Analysis," Journal of Political Economy, University of Chicago Press, vol. 126(4), pages 1472-1503.
    16. repec:feb:artefa:0087 is not listed on IDEAS
    17. Promothesh Chatterjee & Randall L. Rose, 2012. "Do Payment Mechanisms Change the Way Consumers Perceive Products?," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 38(6), pages 1129-1139.
    18. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
    19. Trey Malone & Jayson L Lusk, 2018. "A simple diagnostic measure of inattention bias in discrete choice models," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 45(3), pages 455-462.
    20. Gro Steine & Kari Kolstad, 2006. "Consumers' Willingness to Pay for the Color of Salmon: A Choice Experiment with Real Economic Incentives," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 88(4), pages 1050-1061.
    21. Jayson L. Lusk & Ted C. Schroeder, 2004. "Are Choice Experiments Incentive Compatible? A Test with Quality Differentiated Beef Steaks," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(2), pages 467-482.
    22. Alfnes, Frode & Guttormsen, Atle G. & Steine, Gro & Kolstad, Kari, 2006. "Ajae Appendix: Consumers’ Willingness To Pay For The Color Of Salmon: A Choice Experiment With Real Economic Incentives," American Journal of Agricultural Economics APPENDICES, Agricultural and Applied Economics Association, vol. 88(4), pages 1-8, November.
    23. Drazen Prelec & George Loewenstein, 1998. "The Red and the Black: Mental Accounting of Savings and Debt," Marketing Science, INFORMS, vol. 17(1), pages 4-28.
    24. Vincenzina Caputo & Riccardo Scarpa, 2022. "Methodological Advances in Food Choice Experiments and Modeling: Current Practices, Challenges, and Future Research Directions," Annual Review of Resource Economics, Annual Reviews, vol. 14(1), pages 63-90, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Akinwehinmi, Oluwagbenga & Liesbeth, Colen & Vincenzina, Caputo, 2025. "Effect of Market-Level Risk Information on Consumer Willingness to Pay for Aflatoxin-Safe Food: Evidence from Unregulated Food Markets in Nigeria," 2025 AAEA & WAEA Joint Annual Meeting, July 27-29, 2025, Denver, CO 360883, Agricultural and Applied Economics Association.
    2. Ma, Qingguo & He, Yijin & Tan, Yulin & Cheng, Lu & Wang, Manlin, 2024. "Unveiling the Impact of Payment Methods on Consumer Behavior: Insights and Future Directions," OSF Preprints 3fphk, Center for Open Science.
    3. repec:osf:osfxxx:3fphk_v1 is not listed on IDEAS
    4. Yizhao Jiang, 2022. "How Money Enters Before It Leaves: Experimental Remuneration and the Mobile-Payment Effect," Papers 2210.14631, arXiv.org, revised Jul 2026.
    5. Pratt, Alexander B. & Robinson, Stacey G. & Voorhees, Clay M. & Hochstein, Bryan W., 2025. "Is cash king? The influence of payment form on price negotiations," Journal of Business Research, Elsevier, vol. 201(C).
    6. Falk, Tomas & Kunz, Werner H. & Schepers, Jeroen J.L. & Mrozek, Alexander J., 2016. "How mobile payment influences the overall store price image," Journal of Business Research, Elsevier, vol. 69(7), pages 2417-2423.
    7. Parks-Stamm, Elizabeth J. & Flinner, Sameena M., 2024. "Generational differences in payment transparency perceptions," Journal of Retailing and Consumer Services, Elsevier, vol. 77(C).
    8. Schomburgk, Lachlan & Belli, Alex & Hoffmann, Arvid O.I., 2024. "Less cash, more splash? A meta-analysis on the cashless effect," Journal of Retailing, Elsevier, vol. 100(3), pages 382-403.
    9. Banerji, A. & Hamukwala, Priscilla & Manyong, Victor & Meenakshi, J. V. & Mungoma, Catherine & Tomlins, Keith & Zulu, Rodah, 2010. "Consumer acceptance of provitamin A orange maize in rural Zambia:," HarvestPlus working papers 4, International Food Policy Research Institute (IFPRI).
    10. Joowon Park & Sachin Banker, 2023. "Bitcoin-denominated prices can reduce preference for vice products," Marketing Letters, Springer, vol. 34(2), pages 309-319, June.
    11. Arvind Agrawal & James W. Gentry, 2020. "Why do many consumers prefer to pay now when they could pay later?," Journal of Consumer Affairs, Wiley Blackwell, vol. 54(2), pages 607-627, June.
    12. Liu, Yunxin & Dewitte, Siegfried, 2021. "A replication study of the credit card effect on spending behavior and an extension to mobile payments," Journal of Retailing and Consumer Services, Elsevier, vol. 60(C).
    13. Zha, Yong & Wang, Yuting & Li, Quan & Yao, Wenying, 2022. "Credit offering strategy and dynamic pricing in the presence of consumer strategic behavior," European Journal of Operational Research, Elsevier, vol. 303(2), pages 753-766.
    14. Marie-Claire Broekhoff & Carin van der Cruijsen, 2022. "Paying in a blink of an eye: it hurts less, but you spend more," Working Papers 760, DNB.
    15. Jingping Li & Fang Liu & Yohanes E. Riyanto, 2026. "Cash versus contactless mobile payment: The effect of payment modes on donation behaviors," Economic Inquiry, Western Economic Association International, vol. 64(2), pages 454-467, April.
    16. Raihan Fara Fania & Widya Paramita, 2025. "Painless, careless: Will satisfaction toward QR code payment increase impulsive purchase?," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 30(4), pages 1-14, December.
    17. Sjam, Amelina Apricia, 2025. "Opaque payments, open wallets: The relationship between payment transparency and overspending," Research in Economics, Elsevier, vol. 79(3).
    18. Meenakshi, J.V. & Banerji, A. & Manyong, Victor & Tomlins, Keith & Mittal, Nitya & Hamukwala, Priscilla, 2012. "Using a discrete choice experiment to elicit the demand for a nutritious food: Willingness-to-pay for orange maize in rural Zambia," Journal of Health Economics, Elsevier, vol. 31(1), pages 62-71.
    19. Kesternich, Iris & Heiss, Florian & McFadden, Daniel & Winter, Joachim, 2013. "Suit the action to the word, the word to the action: Hypothetical choices and real decisions in Medicare Part D," Journal of Health Economics, Elsevier, vol. 32(6), pages 1313-1324.
    20. Milad Haghani & Michiel C. J. Bliemer & John M. Rose & Harmen Oppewal & Emily Lancsar, 2021. "Hypothetical bias in stated choice experiments: Part I. Integrative synthesis of empirical evidence and conceptualisation of external validity," Papers 2102.02940, arXiv.org.
    21. Frode Alfnes & Chengyan Yue & Helen H. Jensen, 2010. "Cognitive dissonance as a means of reducing hypothetical bias," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 37(2), pages 147-163, June.

    More about this item

    Keywords

    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea26:404517. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.