Please use this identifier to cite or link to this item:
http://arks.princeton.edu/ark:/88435/dsp018w32r8697
Title: | Mobile Payments Versus Physical Bank Cards: A Study of Consumer Payment Behavior |
Authors: | Wu, Cathy |
Advisors: | Bhatt, Swati |
Department: | Economics |
Certificate Program: | Finance Program |
Class Year: | 2021 |
Abstract: | This paper investigates the relationship between consumers’ usage of mobile phone payments and their usage of physical credit and debit cards. Its contributions to the literature are threefold: first, it quantifies the interplay between mobile payment usage and physical card usage by estimating the marginal rate of substitution between the two; second, it differentiates this marginal rate of substitution for varying income levels; third, it differentiates this rate for small and large price ranges of goods. To address these topics, this study employs an ordinary least squares model, a linear probability model with interaction terms, and a fixed effects model. The main finding is that mobile payments partially substitute for plastic credit and debit cards. Moreover, this substitution is smaller in magnitude for high-income individuals, and it is greater in magnitude when purchasing high-value goods and services. |
URI: | http://arks.princeton.edu/ark:/88435/dsp018w32r8697 |
Type of Material: | Princeton University Senior Theses |
Language: | en |
Appears in Collections: | Economics, 1927-2023 |
Files in This Item:
File | Description | Size | Format | |
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WU-CATHY-THESIS.pdf | 487.49 kB | Adobe PDF | Request a copy |
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