Further Thoughts on the Cashless Society: A Reply to Dr. Shampine
Robert Hahn and
Layne-Farrar Anne ()
Additional contact information
Garcia-Swartz Daniel: LECG Consulting
Layne-Farrar Anne: LECG Consulting
Review of Network Economics, 2007, vol. 6, issue 4, pages 1-16
We address Allan Shampine's critiques of our study on the costs and benefits of payment instruments, and review the current state of the literature. We argue that a consensus seems to be emerging in which: (a) different payment instruments appear to be socially efficient at different transaction sizes; (b) cash appears to be efficient for small payments; and (c) debit cards appear to overtake cash as the socially optimal instrument as the transaction size increases. Except for the fact that in our study credit appears to overtake debit at large transaction sizes, our 2006 findings are consistent with the consensus.
References: Add references at CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
https://www.degruyter.com/view/j/rne.2007.6.4/rne. ... .1132.xml?format=INT (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:bpj:rneart:v:6:y:2007:i:4:n:5
Ordering information: This journal article can be ordered from
Access Statistics for this article
Review of Network Economics is currently edited by Julian Wright
More articles in Review of Network Economics from De Gruyter
Series data maintained by Peter Golla ().