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Significant attention worldwide has been paid to the regulation of credit card interchange fees. In part, this attention has followed concerns expressed about the level of these fees in Europe, the U.S. and Australia. The Reserve Bank of Australia recently conducted an extensive inquiry into the...
Persistent link: https://www.econbiz.de/10005685427
The paper investigates, in a non-technical fashion, the economic determinants of interchange fees in payment card systems and the potential need for their regulation. Among other things, it demonstrates that the proposal for a cost-based regulation of interchange fees relies on an erroneous,...
Persistent link: https://www.econbiz.de/10005685444
Abstract When a consumer pays by card, the merchant’s bank pays to the consumer’s bank an interchange fee. In this article, we construct a general model of a card platform that unifies the literature on interchange fees. We enrich the existing frameworks by analyzing the choice of the...
Persistent link: https://www.econbiz.de/10014618909
Abstract This paper considers the organization of a single (domestic) payment system. When card issuers that are members of a payment system set their fees individually, this gives rise to a free-riding problem, as in providing access to different customers, card issuers are complements from the...
Persistent link: https://www.econbiz.de/10014618938
Abstract This paper presents a first estimation of the tourist test threshold for interchange fees that makes Peruvian small merchants indifferent between accepting cash and debit cards at the point of sale. We use the tourist test model (initially proposed by Rochet and Tirole), including tax...
Persistent link: https://www.econbiz.de/10014618952
In this paper I review the recent paper by DeGraba (2000) that proposes a version of Bill and Keep (called COBAK) as the efficient interconnection regime. I argue while the proposed interconnection regime is suitable for some types of interconnection it would be quite undesirable for others. I...
Persistent link: https://www.econbiz.de/10005489996
telecommunications industry to gain greater control over what is transmitted over the Internet. The implications for the evolution of the …
Persistent link: https://www.econbiz.de/10005490001
We construct comprehensive and consistent datasets on telecommunications and electricity regulations in developing … countries through extensive surveys of regulators. The database of telecommunications regulations includes 178 variables on … regulatory governance and content in 45 countries. The database of electricity regulations includes 374 variables in 20 countries …
Persistent link: https://www.econbiz.de/10005490003
Since the 1990s, local exchange telecommunications carriers (LECs) have been subject to incentive regulation plans …
Persistent link: https://www.econbiz.de/10005490007
telecommunications industry. We explore the relationship between the prices of unbundled network elements (UNEs) and static …
Persistent link: https://www.econbiz.de/10005490008