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I discuss the antitrust suit brought by the U.S. Department of Justice against Visa and MasterCard in 1998. Banks that issue Visa cards are free to also issue MasterCard cards, and vice versa, and many banks issue the cards of both networks. However, both Visa and MasterCard had rules...
Persistent link: https://www.econbiz.de/10012465436
This thesis strives to offer new insights in two main areas. First, in the well-researched domain of payment cards chapters 2 and 3 investigate an aspect that has hitherto been scantly examined, namely, the fact that merchant usage fees differ substantially among merchant sectors. Additionally,...
Persistent link: https://www.econbiz.de/10009546983
this type of price discrimination is the natural mode of competition in subscription markets such as long distance …
Persistent link: https://www.econbiz.de/10014044250
Does competition promote efficient platform pricing and market structures? We model imperfect platform competition … competition's impact on efficiency depends crucially on heterogeneity in users' valuations for network effects. The standard Flat … consequences of competition in calibrated models of the video game and newspaper industries.The appendices for this paper are …
Persistent link: https://www.econbiz.de/10013008781
increases their utilities and, at the same time, this lowers the prices due to intensified competition between firms. We …
Persistent link: https://www.econbiz.de/10012927673
This paper examines the informativeness of consumer information networks and their effect on price competition between … degree of competition, as consumers comparing more prices induce firms to compete more fiercely. We find that larger networks … imply better information transmission, which intensifies competition and decreases all the percentiles of the price …
Persistent link: https://www.econbiz.de/10013045761
In this paper, we consider a model with a monopoly firm who sells social goods sequentially to a group of customers in a network. We show that, with symmetric social interactions, the optimal pricing under arbitrary launch sequence is independent of customers' network positions, the launch...
Persistent link: https://www.econbiz.de/10012925004
This paper draws upon Feenstra and Ma (2007, 2008), to develop a model of asymmetric competition between multiproduct …
Persistent link: https://www.econbiz.de/10013103130
attempt to equalize competition among mobile wireless competitors. In this Bulletin, we review the Justice Department … good reasons to suspect the use value of larger carriers exceeds that of smaller carriers. Economic theory therefore … not be directed at equalizing competition among competitors, but the DOJ's recommendation is plainly aimed at doing so. We …
Persistent link: https://www.econbiz.de/10013081547