Kim, Young Sik; Lee, Manjong - In: Journal of Economic Dynamics and Control 34 (2010) 8, pp. 1359-1368
This paper provides an explanation for both the rapid growth in the use of a debit card over time and the cross-sectional difference in the use of a debit card using a search-theoretic model. The trade-off between cash and a debit card as means of payment is incorporated such that a buyer incurs...
