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
Authors:	Bergman, Mats A.
Publisher:	Stockholm : Sveriges Riksbank
Subject:	Two-sided markets \| card payments \| payment systems \| acquiring \| issuing \| market structure

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Series:	Sveriges Riksbank Working Paper Series ; 185
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	877405875 [GVK] hdl:10419/82487 [Handle] RePEc:hhs:rbnkwp:0185 [RePEc]
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:	EconStor

Persistent link: https://www.econbiz.de/10010321347