, this paper explores whether changes in bank competition have in fact played a role on the market structure of non … industries, across countries or related to time passing. The evidence suggests that the overall process of enhanced competition …"--Federal Reserve Bank of Chicago web site …

has exposed community banks to intensified competition on the one hand, but on the other hand has left well … and distribution of community banks may change in the future"--Federal Reserve Bank of Chicago web site …

: duopolistic competition and cartel, symmetric and asymmetric networks, and alternative assumptions about multihoming and consumer … preferences. We find that competition unambiguously increases consumer and merchant welfare. We extend this analysis to … competition among payment networks providing different payment instruments and find similar results. …