Payment Scale Economies , Competition , and Pricing
نویسنده
چکیده
منابع مشابه
SePa, efficiency, and Payment card comPetition
This paper analyzes the welfare implications of creating a Single Euro Payments Area. We study the effects of increased network compatibility and payment scale economies on consumer and merchant card fees and its impact on card usage. In particular, we model competition among debit cards and between debit and credit cards. We show that competitive pressures dampen merchant fees and increase tot...
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Recently, market globalization and competition have forced companies to find alternative means to boost sales and revenue. The use of the cash flow is increasingly becoming a viable alternative for managers to improve their company’s profitability in a supply chain. In today’s business transactions, a supplier usually asks a manufacturer to pay via the advance-cash-credit (ACC) payment scheme i...
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Generic drugs have a key role to play in the efficient allocation of financial resources for pharmaceutical medicines. Policies implemented in the countries with a high rate of generic drug use, such as Canada, Denmark, Germany, the Netherlands, the United Kingdom, and the United States, are reviewed, with consideration of the market structures that facilitate strong competition. Savings in the...
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Auctions and exchanges are important coordination mechanisms for multiagent systems. Most multi-good markets are combinatorial in that the agents have preferences over bundles of goods. We study the possibility of determining prices so as to support (efficient) allocations in combinatorial economies where a seller (or arbitrator) wants to implement an efficient allocation. Conditions on the exi...
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