Using a representative sample of the U.S. adult population, we analyze which payment methods consumers use to pay other consumers (p2p) and how these choices depend on transaction and demographic characteristics. We additionally construct a random matching model of consumers with diverse...

This paper provides a new theory for two-sided payment card markets. Adopting payment cards requires consumers and merchants to pay a fixed cost, but yields a lower marginal cost of making payments. Analyzing adoption and usage externalities among heterogeneous consumers and merchants, our...

Does a payment paid to a contractor as an incentive to complete the contract early constitute a redundancy payment under section 68 of the Income Tax Act 1976? Thorburn v. Commissioner of Inland Revenue (1983) 6 NZTC 61,618 (HC) held that it did constitute a redundancy payment, since one of the...