Externalities in Payment Card Networks: Theory and Evidence
نویسنده
چکیده
The proliferation of payment cards has dramatically changed the ways we shop and merchants sell goods and services. Today, payment cards are indispensable in most advanced economies. Amromin and Chakravorti (2009) find that greater usage of debit cards has resulted in lower demand for small-denomination bank notes and coins that are used to make change in 13 advanced economies. Recent payment surveys also indicate that consumers are using payment cards instead of checks.
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 *
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