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Garratt, Rod; Lee, Michael Junho - 2021

In a market where consumers choose between payment options and firms compete with products and prices, we show that payment data drives the formation of a market monopoly. A data-sharing policy can successfully restore and maintain a competitive market, but often at the expense of both...

Persistent link: https://www.econbiz.de/10012423840

Public good aspects of TARGET : natural monopoly, scale economies, and cost allocation

Bolt, Wilko; Humphrey, David B. - 2005

Persistent link: https://www.econbiz.de/10002850265

Size matters: economies of scale in european payment processing

Beijnen, Christine; Bolt, Wilko - 2008

Persistent link: https://www.econbiz.de/10003820610

Size matters: economies of scale in European payments processing

Beijnen, Christine; Bolt, Wilko - 2007

Persistent link: https://www.econbiz.de/10003597069

Competition in bank-provided payment services

Bolt, Wilko; Humphrey, David B. - 2013

Persistent link: https://www.econbiz.de/10010211914

Competition in Bank-Provided Payment Services

Bolt, Wilko - 2013

Banks supply payment services that underpin the smooth operation of the economy. To ensure an efficient payment system, it is important to maintain competition among payment service providers but data available to gauge the degree of competition is quite limited. We propose and implement a...

Persistent link: https://www.econbiz.de/10013072776

Competition in Bank-Provided Payment Services

Bolt, Wilko - 2013

Banks supply payment services that underpin the smooth operation of the economy. To ensure an efficient payment system, it is important to maintain competition among payment service providers, but data available to gauge the degree of competition are quite limited. We propose and implement a...

Persistent link: https://www.econbiz.de/10013082219

Pricing in Retail Payment Systems : A Public Policy Perspective on Pricing of Payment Cards

Bolt, Wilko - 2012

economics of payments …

Persistent link: https://www.econbiz.de/10013113006

Retail Payment Systems : Competition, Innovation, and Implications

Bolt, Wilko - 2012

Efficient payment services underpin the smooth operation of the economy. Competition and innovation are key drivers for payment market efficiency in both the short and long run. This paper gives an overview and tries to assess the key determinants that affect pricing, competition and the...

Persistent link: https://www.econbiz.de/10013096211

Payment Network Scale Economies, SEPA, and Cash Replacement

Bolt, Wilko - 2019

The goal of SEPA (Single Euro Payments Area) is to facilitate the emergence of a competitive, intra-European market by … making cross-border payments as easy as domestic transactions. With crossborder inter-operability for electronic payments …, card transactions will increasingly replace cash and checks for all types of payments. Using different methods, the authors …

Persistent link: https://www.econbiz.de/10012706108