In 2010, the Department of Justice (DOJ) filed a lawsuit against the credit card networks American Express, MasterCard, and Visa for alleged antitrust violations. We evaluate the extent to which the recently proposed settlement between the DOJ and Visa and MasterCard (henceforth, "Proposed...

Obtaining the best possible estimates of consumer expenditures is crucial to proper construction of consumption data and applied economic research on consumer behavior. Measuring consumer expenditures well is complex and difficult. The challenges, which are manifest in discrepancies between...