Abstract

We develop a theoretical framework aimed to model the pricing of electronic cash cards and the market domain in which these cards will be used in an environment where charge cards and currency (the legal tender) are competing payment media. We also investigate whether the adoption of the various payment media generates an underutilization or overutilization of the electronic cash cards relative to currency.

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Additional Information

ISSN
1538-4616
Print ISSN
0022-2879
Pages
pp. 299-314
Launched on MUSE
2002-05-01
Open Access
No
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