We study the behavioral underpinnings of adopting cash versus electronic payments in retail transactions. A novel … from using electronic payments. Buyers and sellers face a coordination problem, independently choosing a payment method …

We study the behavioral underpinnings of adopting cash versus electronic payments in retail transactions. A novel … from using electronic payments. Buyers and sellers face a coordination problem, independently choosing a payment method …

We study the behavioral underpinnings of adopting cash versus electronic payments in retail transactions. A novel … from using electronic payments. Buyers and sellers face a coordination problem, independently choosing a payment method …

mechanism that governs cash transactions, not the explicit microfoundation of money. …. We report that the different approach to modeling money - reduced-form vs. explicit role - neither induces theoretical … obtained in each model. Our insight is that if results differ, then this is due to differential assumptions about the pricing …

mechanism that governs cash transactions, not the explicit microfoundation of money. …. We report that the different approach to modeling money - reduced-form vs. explicit role - neither induces theoretical … obtained in each model. Our insight is that if results differ, then this is due to differential assumptions about the pricing …

mechanism that governs cash transactions, not the explicit microfoundation of money. …. We report that the different approach to modeling money - reduced-form vs. explicit role - neither induces theoretical … obtained in each model. Our insight is that if results differ, then this is due to differential assumptions about the pricing …

?erences in the pricing mechanism assumed to govern those transactions that must be settled with the exchange of cash. …

The theory of money typically ignores the fact that the mode of market interaction arises endogenously, and simply … understanding the conditions that lend themselves to the development of money as a mode of exchange. To study this, we develop a … theory of money such that the market structure is endogenized. …