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007	cr |n|||||||||
008	190830t20192019oncd   #oba  f000 0 eng d
040	|aCaOODSP|beng|erda|cCaOODSP
043	|an-cn---
086	1 |aFB3-5/2019-32E-PDF
100	1 |aHuynh, Kim P., |d1974- |eauthor.
245	10|aExplaining the interplay between merchant acceptance and consumer adoption in two-sided markets for payment adoption / |cby Kim P. Huynh, Gradon Nicholls and Oleksandr Shcherbakov.
264	1|aOttawa : |bBank of Canada, |c2019.
264	4|c©2019
300	|a1 online resource (ii, 32 pages) : |bfigures.
336	|atext|btxt|2rdacontent
337	|acomputer|bc|2rdamedia
338	|aonline resource|bcr|2rdacarrier
490	1 |aBank of Canada staff working paper, |x1701-9397 ; |v2019-32
500	|a"August 2019."
504	|aIncludes bibliographical references (pages 30-31).
520	|a"The market for payment cards is inherently two sided. Consumers benefit from increased merchant acceptance of payment cards and vice versa. To quantify the interdependence of consumer and merchants or network externalities, we construct and estimate a structural two-sided model of a payment choice. We exploit a unique dataset consisting of the Bank of Canada's consumer methods-of-payment survey diaries and the Retailer Survey on the Cost of Payment Methods. We find that consumer adoption of payment cards is inelastic. When merchants face an increase in the usage cost of credit cards, they reduce their acceptance of credit cards in favor of debit cards, and there is a small increase in the share of cash-only businesses"--Abstract.
692	07|2gccst|aFinancial services
692	07|2gccst|aCurrency
692	07|2gccst|aBanking
700	1 |aNicholls, Gradon, |eauthor.
700	1 |aShcherbakov, Oleksandr, |eauthor.
710	2 |aBank of Canada.
830	#0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2019-32.|w(CaOODSP)9.806221
856	40|qPDF|s1.63 MB|uhttps://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-5-2019-32-eng.pdf