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Printable Handouts
Navigable Slide Index
- Introduction
- Outline of talk
- Why bother?
- Efficiency in retail payment
- Monetary policy
- Competition in retail payments
- Competition: key policy questions
- Competition on what?
- Margins of competition at the issuer level
- Competition: unresolved empirical question
- Are retail payments two sided?
- Newer payment systems/instruments
- Mature retail payment instruments
- Key parameters in two sided models: theory
- From theory to evidence
- Models of retail payments
- Consumer choice of payment instrument(s)
- Consumer payment choice: theory (1)
- Consumer payment choice: theory (2)
- Estimating elasticities of consumer demand
- Evidence on attribute elasticities
- Incorporating "behavioral" theory
- Behavioral fallibility
- Potential broad implications
- Behavioral theory and empirical puzzles
- Why do issuers offer float?
- Why does payment choice vary so strongly?
- Reviewing key questions
- Reviewing open key questions
- Methods for answering the open questions
- Brief recap of implications (1)
- Brief recap of implications (2)
- Thank you
- Reference
Topics Covered
- Policy motivation: systemic risk, efficiency, monetary policy and forensics
- Competition
- Key policy questions
- Are retail payments 2-sided markets?
- Key parameters in 2-sided models
- Consumer choice
- Typical theory setup and implications
- Elasticities
- 'Behavioral' theories
- Decision making
- Future directions
- Implications for policy, regulation and oversight
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Talk Citation
Zinman, J. (2010, April 6). A review of related empirical research on retail payments [Video file]. In The Business & Management Collection, Henry Stewart Talks. Retrieved November 14, 2024, from https://doi.org/10.69645/GQZK5998.Export Citation (RIS)