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dc.contributor.advisorDr. Alexander Dentler
dc.creatorChávez Rivera, Víctor Antonio
dc.date.issued2018
dc.identifier161412.pdf
dc.identifier.urihttp://hdl.handle.net/11651/2628
dc.description.abstractThis model addresses a strategic complementarity problem with a search-theoretic model to analyze two payment systems: cash and debit cards. The trade-off between cash and debit cards is incorporated such that the sellers incur in a cost of having a point of sale terminal and buyers receive an interest rate for having a debit card. From four pure-strategy equilibria, two efficient equilibria where trade exist are found: where every agent has a debit card and a terminal, and where cash is used and nobody holds a terminal. This model’s result shows that there cannot be a growth of debit cards without a growth in the number of terminals. This is what we observe in the debit card and terminal growth in Mexico. Also, we find that as the cost of debit card holding decreases a debit card equilibrium is more feasible: as the cost of the terminal decreases debit cards provide enough liquidity to the economy. Finally, conditions over the discount factor showed that agents need to be more patient to achieve the cash equilibrium and need to be more impatient in the card equilibrium.
dc.formatapplication/PDF
dc.language.isoeng
dc.publisherEl Autor
dc.rightsCon fundamento en los artículos 21 y 27 de la Ley Federal del Derecho de Autor y como titular de los derechos moral y patrimonial, otorgo de manera gratuita y permanente al Centro de Investigación y Docencia Económicas, A.C. y a su Biblioteca autorización para que fije la obra en cualquier medio, incluido el electrónico, y la divulguen entre sus usuarios, profesores, estudiantes o terceras personas, sin que pueda percibir por tal divulgación una contraprestación.
dc.subject.lcshElectronic funds transfers -- Mexico -- Mathematical models.
dc.subject.lcshDebit cards -- Payments -- Effect of point of sale systems on -- Mexico -- Mathematical models.
dc.titleSearch model: debit card or cash
dc.typeTesis de licenciatura
dc.accessrightsAcceso abierto
dc.recordIdentifier000161412
dc.rights.licenseCreative Commons Reconocimiento-NoComercial-SinObraDerivada 4.0 Internacional CC BY-NC-ND
thesis.degree.grantorCentro de Investigación y Docencia Económicas
thesis.degree.nameLicenciatura en Economía


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