Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/260118 
Year of Publication: 
2014
Series/Report no.: 
Working Paper No. 2014:21
Publisher: 
Lund University, School of Economics and Management, Department of Economics, Lund
Abstract: 
We conduct an incentivized experiment to test whether the willingness to pay is higher for debit cards compared to cash for three consumer products. Our findings support this conjecture also after controlling for cash availability, spending type, price familiarity and consumption habits of the products. The evidence thus suggests that different representations of money matters for consumer behavior.
Subjects: 
payment methods
debit cards
cash
willingness-to-pay
JEL: 
D03
D10
E42
Document Type: 
Working Paper

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