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Demand for Payment Services and Consumer Welfare: The Introduction of a Central Bank Digital Currency

Kim P. Huynh et al.

The Review of Network Economics2024https://doi.org/10.1515/rne-2024-0056article
AJG 2ABDC B
Weight
0.38

What the paper says

Abstract In this paper, we study how potential characteristics of the new payment instrument may affect consumer adoption and usage decisions at the point of sale. We do this by developing and estimating a structural model of payment choice, which accounts for rich heterogeneity in consumer preferences and distinguishes between adoption and usage decisions. In the model, consumers face uncertainty about acceptance decisions by merchants, who represent the opposite side of the market. We use parameter estimates to simulate introduction of a new payment instrument and to evaluate the effect of this introduction on the welfare of various demographic groups of consumers.

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https://doi.org/https://doi.org/10.1515/rne-2024-0056

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@article{kim2024,
  title        = {{Demand for Payment Services and Consumer Welfare: The Introduction of a Central Bank Digital Currency}},
  author       = {Kim P. Huynh et al.},
  journal      = {The Review of Network Economics},
  year         = {2024},
  doi          = {https://doi.org/https://doi.org/10.1515/rne-2024-0056},
}

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Demand for Payment Services and Consumer Welfare: The Introduction of a Central Bank Digital Currency

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Evidence weight

0.38

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.19 × 0.4 = 0.08
M · momentum0.53 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.