Fu, Lianying; Luo, Pinliang; Rong, Ling - In: International Journal of Electronic Finance 6 (2012) 3/4, pp. 239-255
Payment card market is characterised by its two-sidedness. This fact implies that the demand of the market is jointly determined by participants on both sides of the payment platform. In this article, we employ copula functions to capture the complex relationship between the marginal demands...