Two-Sided Markets, Bank Card Payment Networks, and Public Policy
نویسندگان
چکیده
منابع مشابه
Working Paper Series the Economics of Two-sided Payment Card Markets: Pricing, Adoption and Usage Wp 12-06 James Mcandrews Federal Reserve Bank of New York the Economics of Two-sided Payment Card Markets: Pricing, Adoption and Usage *
This paper provides a new theory for two-sided payment card markets. Adopting payment cards requires consumers and merchants to pay a fixed cost, but yields a lower marginal cost of making payments. Analyzing adoption and usage externalities among heterogeneous consumers and merchants, our theory derives the equilibrium card adoption and usage pattern consistent with empirical evidence. Our ana...
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This paper examines the necessity of regulating the Iranian card payments system (SHAPARAK) based on the theory of two-sided markets. The expansion of the payment card system in recent years has arisen some questions regarding the role of all kinds of costs and expenses such as interchange fees, cardholder fees, merchant fees, and network externality in balancing the market. Since there is only...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1326487