payment networks, and to assess the way this affects competition and equilibrium fees. We analyze a situation in which … acceptance at the margin. - Payment pricing ; Card competition ; Consumer credit ; Complementarity …

payment networks, and to assess the way this affects competition and equilibrium fees. We analyze a situation in which …

payment networks, and to assess the way this affects competition and equilibrium fees. We analyze a situation in which …

We develop models of markets with procrastinating consumers where competition operates - or is supposed to operate … price competition fails at this stage as well. In fact, a competition paradox results: an increase in the number of firms or … returning ex-post profits to consumers, and in some cases even exacerbate the failure of price competition. Consumer …

this type of price discrimination is the natural mode of competition in subscription markets such as long distance …

This paper examines the informativeness of consumer information networks and their effect on price competition between … degree of competition, as consumers comparing more prices induce firms to compete more fiercely. We find that larger networks … imply better information transmission, which intensifies competition and decreases all the percentiles of the price …