The Role of Merchants' Pass-Through in Payment Platform Markets
2016
In this article, we analyze a general model of a payment card platform. We relax the standard assumption of the literature that the product market is covered. We show that the difference between the privately set structure of payment card fees and the socially optimal one depends both on banks' and merchants' pass-through of their costs to consumers.
- Correction
- Source
- Cite
- Save
- Machine Reading By IdeaReader
19
References
0
Citations
NaN
KQI