Dou, Yiwei; Li, Geng; Ronen, Joshua - 2019
consumer credit card issuers' ability to raise interest rates. We estimate the competitive responsiveness-the degree to which a … credit card issuer changes offered interest rates in response to changes in interest rates offered by its competitors-as a … measure of competition in the credit card market. Using small business card offers, which are not subject to the Act, as a …