Do consumers pay more using debit cards than cash?

作者：

Highlights：

• We study if the payment method affects willingness-to-pay.

• Debit cards lead to higher average bids than cash.

• Our results are robust to cash-on-hand constraints, price familiarity, consumption habits and spending type.

• The representation of money seems to matter for consumer valuations.

摘要

•We study if the payment method affects willingness-to-pay.•Debit cards lead to higher average bids than cash.•Our results are robust to cash-on-hand constraints, price familiarity, consumption habits and spending type.•The representation of money seems to matter for consumer valuations.

论文关键词：Payment methods,Debit cards,Cash,Willingness-to-pay,Experiment

论文评审过程：Received 13 November 2014, Revised 2 March 2015, Accepted 2 March 2015, Available online 20 March 2015, Version of Record 11 October 2015.

论文官网地址：https://doi.org/10.1016/j.elerap.2015.03.002