Abstract In this paper, we analyze the impact of cooperation on R&D investments in a two-sided market, where platforms compete in quantities. We show that if indirect externalities are of a moderate magnitude, the threshold degree of spillovers above which cooperation spurs R&D investments and...

This paper studies the incentives of a merchant to bypass a payment platform by issuing private cards. In our model, a payment platform allocates the total cost of a card transaction between a monopolistic issuer and a monopolistic acquirer by choosing an "interchange fee". We determine how the...

[eng] Detention and use of payment instruments in France . In this article, we offer a general picture of the detention and the use of payment instruments in France, and we determine which variables influence consumer payment behavior. We show that a large majority of the French hold a checkbook...