منابع مشابه
Payment Choice with Consumer Panel Data
We exploit scanner data to track payment choice for grocery purchases for a large panel of households over three years. We show that households focus most of their expenditures on one or at most two of these instruments in choosing between using cash, a check, or a card, and they very rarely switch. We focus particularly on the role of expenditure size in determining payment choice. While the u...
متن کاملConsumer Payment Choice: Measurement Topics
What are the determinants of consumer choice over payment mechanisms? The answer to this question is important for a variety of reasons. Every government has the responsibility of supporting an efficient and effective payment system. Doing so is an explicit mandate of the Federal Reserve Bank in the United States. In addition, nothing is more central to private sector commerce than collecting p...
متن کاملPanel Data Discrete Choice Models of Consumer Demand
1. Introduction This chapter deals with the vast literature on panel data discrete choice models of consumer demand. The reason this area is so active is that very high quality data is available. Firms like Nielsen and IRI have, for over 30 years, been collecting panel data on households' purchases of consumer goods. This is known as ―scanner data,‖ because it is collected by check-out machine ...
متن کاملPayment Card Rewards Programs and Consumer Payment Choice
By using a unique data set that contains detailed information on consumer perceived attributes of payment methods and consumer perceived acceptance of payment methods by merchants, we estimate the direct effects of rewards card programs on consumer payment choice for in-store transactions. Our estimation approach, which follows Harris and Keane [1999], allows us to alleviate the endogeneity pro...
متن کاملConsumer Choice and Merchant Acceptance of Payment Media
We study the ability of banks and merchants to influence the consumer’s payment instrument choice. Consumers participate in payment card networks to insure themselves against three types of shocks— income, theft, and their merchant match. Merchants choose which payment instruments to accept based on their production costs and increased profit opportunities. Our key results can be summarized as ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2013
ISSN: 1556-5068
DOI: 10.2139/ssrn.2308121