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marginal cost efficiency. The effect of conduct on price dispersion seems to depend on the characteristics of the market. For … margial cost efficiency has a negative effect on price dispersion …
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The multiple payments settlement systems available in the United States differ on several dimensions. The Fedwire Funds Service, a utility that operates a U.S. large-value paymentssettlement service, offers the fastest speed of settlement. Recognizing that payments differ in the urgency with...
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