Alexandrova-Kabadjova, Biliana; Negrin, Jose-Luis - 2009
This paper investigates the impact on the network growth of the level of merchant discount, the level of Multilateral … Interchange Fee (MIF), and the consumers' and the merchants' awareness of positive network effects. In an artificial market, in … which issuers and acquirers belong to the same network, we simulate explicitly the interactions among consumers and …