Jorge, Marcos Valli; Maldonado, Wilfredo Leiva - In: Journal of Economic Studies 43 (2016) 2, pp. 178-202
Purpose – The purpose of this paper is to model a credit card market where the retailers may charge differential prices depending on the instrument of payment used by the consumer. According to the research agenda proposed by Rochet and Wright (2010), the authors find conditions for the...