Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 12, 2016 erstellt
Beschreibung:
In this article, we analyze a general model of a payment card platform. We relax the standard assumption of the literature that the product market is covered. We show that the difference between the privately set structure of payment card fees and the socially optimal one depends both on banks' and merchants' pass-through of their costs to consumers