Constrained or unconstrained price for debit card payment?
نویسندگان
چکیده
منابع مشابه
Payment card interchange fees and price discrimination∗
We consider the implications of platform price discrimination in the context of card platforms. Despite the platform’s ability to price discriminate, we show it will set fees for card usage that are too low, resulting in excessive usage of cards. We show this bias remains even if card fees (or rewards) can be conditioned on each type of retailer that the cardholder transact with. We use our mod...
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This paper presents a model of a card payment system to address the pricing and rules that govern such systems. It evaluates the social optimality of privately set interchange fees and the adoption of a rule by payment systems to prevent merchants surcharging for card transactions using two extremes of merchant pricing—monopolistic pricing and perfect competition. Both types of merchant pricing...
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ژورنال
عنوان ژورنال: Journal of Macroeconomics
سال: 2014
ISSN: 0164-0704
DOI: 10.1016/j.jmacro.2014.04.004