Knittel, Christopher R.; Stango, Victor - In: Journal of Banking & Finance 35 (2011) 10, pp. 2627-2636
We test whether firms use incompatibility strategically, using data from ATM markets. High ATM fees degrade the value of competitors' deposit accounts, and can in principle serve as a mechanism for siphoning depositors away from competitors or for creating deposit account differentiation. Our...