Bolt, Wilko; Jonker, Nicole; Plooij, Mirjam - de Nederlandsche Bank - 2013
In this article we empirically analyze how the Tourist Test methodology affects the level of multilateral interchange fees (MIFs) for debit card payments over time. Using Dutch cost data for 2002 and 2009 we argue that this method leads to rising cost for merchants in the long run. The outcomes...