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compatibility of different brands of electronic money can be enabled by firms' joint adoption of standard terminals. In this paper …, we analyse the effect of achieving compatibility among different brands of electronic money. We show that, if the unit …
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The causes of and extent of network externalities in payment systems such as the ATM and the ACH-market have been analysed and tested in earlier studies. In this paper a similar study is made for the market for electronic card payments, i.e. the EFTPOS-market. A panel data set of variables...
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