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We analyse a card payment system to assess the economic impact of the interchange fee. This fee is paid by the bank of the merchant, the acquirer, to the bank of the consumer, the issuer. We build up a mode in order to explore whether the interchange fee can enhance the participation to the...
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centralized solution. In addition the regions have strategic incentives to set user charges. If the regional spillover goods are …
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centralized solution. In addition the regions have strategic incentives to set user charges. If the regional spillover goods are …
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