首页    期刊浏览 2024年12月11日 星期三
登录注册

文章基本信息

  • 标题:How do you pay? The role of incentives at the point-of-sale
  • 本地全文:下载
  • 作者:Carlos Arango ; Kim P. Huynh ; Leonard Sabetti
  • 期刊名称:Euro Area Balance of Payments and International Investment Position Statistics
  • 印刷版ISSN:1830-3420
  • 电子版ISSN:1830-3439
  • 出版年度:2011
  • 出版社:European Central Bank
  • 摘要:This paper uses discrete-choice models to quantify the role of consumer socioeconomic characteristics, payment instrument attributes, and transaction features on the probability of using cash, debit card, or credit card at the point-of-sale. We use the Bank of Canada 2009 Method of Payment Survey, a two-part survey among adult Canadians containing a detailed questionnaire and a three-day shopping diary. We find that cash is still used intensively at low value transactions due to speed, merchant acceptance, and low costs. Debit and credit cards are used more frequently for higher transaction values where safety, record keeping, the ability to delay payment and credit card rewards gain prominence. We present estimates of the elasticity of using a credit card with respect to credit card rewards. Reward elasticities are a key element in understanding the impact of retail payment pricing regulation on consumer payment instrument usage and welfare.
  • 关键词:Retail Payments; Credit Card Rewards; Discrete-Choice Models.
国家哲学社会科学文献中心版权所有