of merchant card fees that are optimal according to the Tourist Test, so that merchants are indifferent between being … effects. The results show that the Tourist Test should be used as a guideline for regulators but ought to be complemented with …

This paper extends the tourist test model proposed by Rochet and Tirole (2011) by incorporating the government in order … evade taxes in cash transactions. The tourist test aims to determine an interchange fee that does not increase merchants … merchants' net operating benefit of accepting card sales, which in turn lowers the interchange fee that passes the tourist test …

This paper extends the tourist test model proposed by Rochet and Tirole (2011) by incorporating the government in order … evade taxes in cash transactions. The tourist test aims to determine an interchange fee that does not increase merchants … merchants' net operating benefit of accepting card sales, which in turn lowers the interchange fee that passes the tourist test …

This paper extends the tourist test model proposed by Rochet and Tirole (2011) by incorporating the government in order … evade taxes in cash transactions. The tourist test aims to determine an interchange fee that does not increase merchants … merchants' net operating benefit of accepting card sales, which in turn lowers the interchange fee that passes the tourist test …

This paper extends the tourist test model proposed by Rochet and Tirole (2011) by incorporating the government in order … evade taxes in cash transactions. The tourist test aims to determine an interchange fee that does not increase merchants … merchants' net operating benefit of accepting card sales, which in turn lowers the interchange fee that passes the tourist test …

Abstract This paper presents a first estimation of the tourist test threshold for interchange fees that makes Peruvian … small merchants indifferent between accepting cash and debit cards at the point of sale. We use the tourist test model … Central Reserve Bank of Peru in 2019, our estimates suggest that the tourist test threshold for debit cards is lower than the …

Abstract The paper extends the tourist test proposed by Rochet and Tirole (2011) to the situation of emerging countries … card sales. The tourist test aims to determine a maximum interchange fee (the fee that the acquirer pays to the issuer … environment, the tourist test threshold now internalizes this tax benefit of accepting cash. We assess the socially optimal …