Search: DCE

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RBA Glossary definition for DCE

DCE – Digital currency exchange

Search Results

Data

11 Sep 2015 RDP 2015-03
Tai Lam and Crystal Ossolinski
The DCE was designed to limit certain biases that can be introduced when asking for stated preference data. ... shown earlier in the question or by the answer structure of the DCE).
https://www.rba.gov.au/publications/rdp/2015/2015-03/data.html

Literature

11 Sep 2015 RDP 2015-03
Tai Lam and Crystal Ossolinski
To the best of our knowledge, this paper presents the first use of DCE and contingent valuation techniques in valuing card payments. ... DCEs involve a hypothetical question posed to respondents where they must choose between two or more outcomes that
https://www.rba.gov.au/publications/rdp/2015/2015-03/literature.html

Introduction

11 Sep 2015 RDP 2015-03
Tai Lam and Crystal Ossolinski
Using a modified form of a discrete choice experiment (DCE) as implemented in the Reserve Bank of Australia's 2013 Survey of Consumers' Use of Payment Methods, we obtained consumers' stated ... Measuring consumer surplus is a key advantage of obtaining
https://www.rba.gov.au/publications/rdp/2015/2015-03/introduction.html

Conclusion

11 Sep 2015 RDP 2015-03
Tai Lam and Crystal Ossolinski
Our results suggest that using DCE techniques to elicit willingness to pay for card payments can provide hitherto unavailable information about how much consumers value card payments or particular features. ... The responses to the DCE indicate that cash
https://www.rba.gov.au/publications/rdp/2015/2015-03/conclusion.html

Appendix B: Methodology – Estimation of Willingness to Pay

11 Sep 2015 RDP 2015-03
Tai Lam and Crystal Ossolinski
Download the Paper 1.24. MB. The methodology used to estimate willingness to pay follows the model developed by Hanemann et al (1991) for double-bounded DCE data.
https://www.rba.gov.au/publications/rdp/2015/2015-03/appendix-b.html

Distribution of Willingness to Pay for Card Payments

11 Sep 2015 RDP 2015-03
Tai Lam and Crystal Ossolinski
The DCE data accords well with diary data on the surcharges that were paid during the week of the Survey. ... As expected, a high level of consistency exists for the small number of payments that are similar to the scenario posed in the DCE.
https://www.rba.gov.au/publications/rdp/2015/2015-03/distribution-willingness-pay-card-payments.html

Estimating Consumer Surplus under Various Surcharging Scenarios

11 Sep 2015 RDP 2015-03
Tai Lam and Crystal Ossolinski
Our use of DCE is also unique in providing a measure of the change in consumer surplus. ... A surcharge on cash is technically outside the scope of the DCE data.
https://www.rba.gov.au/publications/rdp/2015/2015-03/estimating-consumer-surplus-surcharging-scenarios.html

Willingness to Pay for the Use of Credit Card Features

11 Sep 2015 RDP 2015-03
Tai Lam and Crystal Ossolinski
posed in the DCE.
https://www.rba.gov.au/publications/rdp/2015/2015-03/willingness-pay-use-credit-card-features.html