A Welfare Ranking of Two-Sided Market Regimes

Two-sided network effects in card payment systems are analysed under different market structures, e.g., competition, one-sided monopoly, bilateral monopoly and duopoly; with and without an interchange fee; for the so-called Baxter’s case of non-strategic merchants. A partial ranking of market structures according to their welfare effects is provided. Some support is found for the policy adopted by the EU Commission in the competition law case concerning Visa’s interchange fees.

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Year of publication:	2005-06-01
Authors:	Bergman, Mats A.
Institutions:	Sveriges Riksbank
Subject:	Two-sided markets \| card payments \| payment systems \| acquiring \| issuing \| market structure

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Extent:	application/pdf
Series:	Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series Working Paper Series Number 185 30 pages
Classification:	G21 - Banks; Other Depository Institutions; Mortgages ; L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; L44 - Antitrust Policy and Public Enterprise Nonprofit Institutions, and Professional Organizations
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005649024