COMPETING PAYMENT SCHEMES*

Journal of Industrial Economics - Tập 55 Số 1 - Trang 37-67 - 2007
Graeme Guthrie1, Julian Wright2
1School of Economics, Victoria University of Wellington, PO Box 600, Wellington, New Zealand. e-mail:[email protected].
2Department of Economics, Faculty of Arts and Social Sciences, National University of Singapore, AS2 Level 6, 1 Arts Link, Singapore 117570.e‐mail:[email protected]

Tóm tắt

This paper presents a model of competing payment schemes. Unlike previous work on generic two‐sided markets, the model allows for the fact that in a payment system, users on one side of the market (merchants) compete to attract users on the other side (consumers, who may use cards for purchases). It analyzes how competition between card associations and between merchants affects the choice of interchange fees, and thus the structure of fees charged to cardholders and merchants. Implications for other two‐sided markets are discussed.

Từ khóa


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Thông tin
Thông tin xuất bản

Journal of Industrial Economics

Tập 55 Số 1

37-67

Thông tin tác giả