Tumen, Semih - In: Economic Modelling 29 (2012) 3, pp. 858-867
This paper presents an analysis of the market for checks using the monopoly problem as an approximation. The need for … checks as a response to such a policy action. We report that a percentage point increase in banks' obligation per bad check … could lead up to a 1.7% decline in the total supply of checks on the margin. This means that such a policy change may harm …