In this article, we analyse how the accession to an economic and monetary union and the influence of new institutions may shape consumers' payment decisions in newly acceded countries. Our analysis focuses on the 2004 European Union (EU) enlargement process. Results confirm the prediction of...

In this paper we develop a model where agents can acquire goods using cash and two non-cash alternatives. We use it to study the effects of the pricing policy of payment methods implemented in Norway, carried out by individual banks and promoted by the authorities. We show that this policy...