Explaining adoption and use of payment instruments by US consumers

Motivated by recent policy intervention into payments markets, we develop and estimate a structural model of adoption and use of payment instruments by U.S. consumers. Our structural model differentiates between the adoption and use of payment instruments. We evaluate substitution among payment inst...

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Bibliographic Details
Published in:The Rand journal of economics 2016-07, Vol.47 (2), p.293-325
Main Authors: Koulayev, Sergei, Rysman, Marc, Schuh, Scott, Stavins, Joanna
Format: Article
Language:English
Subjects:
2011
Consumer behavior
Consumers
Credit cards
Debit cards
Economic models
Low income groups
Negotiable instruments
Payments
Studies
Welfare
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