Network Effects On Cash‐Card Substitution in Transactions and Low Interest Rate Regimes
Bibliographic Data
| ID | 9717740 |
|---|---|
| Authors | Sheri M Markose (0000-0001-6181-0654, University of Essex), Yiing Jia Loke (0000-0001-7405-4640, Universiti Sains Malaysia) |
| Year | 2003 |
| Volume | 113 |
| Issue | 487 |
| Pages | 456-476 |
| Publication date | 2003-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/1468-0297.00124 |
| OpenAlex | W1996314314 |
| Language | EN |
| Citations received | 2 |
| References cited | 10 |
We develop a Nash game on the adoption of a new EFTPOS (Electronic Fund Transfer at Point of Sale) card payment media given cash is dispensed by a competitive ATM (Automated Teller Machine) network. Equilibrium conditions when cash and card use coexist entail a specific relationship between the card network coverage parameter (π k ) and the proportion (ω) of cash financed expenditures. We derive a payments innovation technology constrained transactions demand for money which is highly interest rate sensitive in low interest rate regimes. Data on cash-card use in the UK (1990-97) is used to calibrate the model
ATM card · Business · Cash · Commerce · Computer security · Credit card · Debit card · Economics · Interest rate · Microeconomics · Monetary economics · Payment · Payment card · Point (geometry · Point of sale · Smart card · Transfer (computing · Computer Science · Digital Platforms and Economics · Economic theories and models · Finance · ICT Impact and Policies
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,1 |
| Citation span | 2006 - 2009 (4) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |