This paper analyses market competition between two different types of credit card platforms: not-for-profit … associations and proprietary systems. The main focus is on the role of the interchange fee set by not-for-profit platforms. We show … competitive conditions within the not-for-profit platform and are affected by the strength of inter-platform competition. We also …

wholesale price in one country might induce a retailer to resell the good for profit in the other country, generating thereby …

characterizes the output maximizing, profit maximizing and welfare maximizing level of such an interchange fee. It examines how the … optimal level of the fee depends on costs, profits margins, pass-through coefficients, participation rates, and membership … which drive deviations between the output maximizing, profit maximizing, and welfare maximizing interchange fees. …

A firm must decide whether to launch a new product. A launch implies considerable fixed costs, so the firm would like …