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Activity Number: 63 - Cryptocurrency Surveys: Challenges and Results from Central Banks
Type: Topic Contributed
Date/Time: Sunday, July 28, 2019 : 4:00 PM to 5:50 PM
Sponsor: Survey Research Methods Section
Abstract #306938
Title: Economic Networks with Incentives: The Mobile Money Case in Ecuador
Author(s): Ivan Rivadeneyra* and Daniel Suthers and Ruben Juarez
Companies: University of Hawaii - Manoa and University of Hawaii - Manoa and University of Hawaii - Manoa
Keywords: mobile money; goverment incentives; Ecuador; economic behavior; network graphs

We study the recent development of a Mobile Money (MM) project in Ecuador using a unique data set from all MM transactions in the country over the life of the project. Temporal analysis of network representations of MM transactions shows how agents behave over time and how they react when they face government intervention via tax incentives to non-cash users. Such intervention distorted economic behavior and had a modest effect in the adoption and diffusion of MM, especially among early adopters, at a high price tag. Main contribution of this study is to present the magnitude of incentives on heterogeneous agents. We conclude that this kind of incentives did not expand the networks of current users but rather added new parallel local networks similar to existing ones.

Authors who are presenting talks have a * after their name.

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