Les déterminants du choix des instruments de paiement

Abstract : The present dissertation studies the formation of the demand for the main retail payment instruments (cash, bank card and check). The first chapter presents both a theoretical and empirical analysis using French data. We conclude that charging cash withdrawals at ATMs outside the network of the bank reduces the global demand for cash. The second chapter concludes, with the help of a theoretical model and on the basis of French data, that a seller adjust prices in order to make the buyers pay cash by making cash payment more convenient, in the sense that they limit the number of coins and notes exchanged. All other things being equal, we show that convenient prices are more frequent and more frequently paid cash. The third and fourth chapters study the impact of crime as an environmental factor on the merchant side, more specifically on the preference for cash and card acceptance. We show that in an environment with a high level of financial criminality, merchants have a higher preference for cash and are less likely to accept bank cards. The fifth chapter studies the impact of crime as an environmental factor on the choice of payment instrument by consumers. They are more likely to own a payment card, and the weekly sums withdrawn at ATMs are higher. We find opposite effects for Violent Crime. Eventually, the sixth chapter studies the impact of perceived risk on the holding and and use of payment instruments. We apply the model of Jacoby and Kaplan (1972) to payment instruments, and we conclude on the basis of an empirical investigation that the risk of lack and the time risk have the most cross-cutting effects on the demand for each of the main retail payment instruments.
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Bruno Haim Karoubi. Les déterminants du choix des instruments de paiement. Economies et finances. Université Paris-Est, 2013. Français. ⟨NNT : 2013PEST0078⟩. ⟨tel-01058147⟩

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