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Payment systems and interchange fees

Authors :
Schmallensee, Richard
Source :
Journal of Industrial Economics. June, 2002, Vol. 50 Issue 2, p103, 20 p.
Publication Year :
2002

Abstract

The author finds no economic difference between proprietary payment systems and cooperative bank card systems. The fee amount depends not on banks' collective market power but on differences between merchant's banks and cardholders' banks.

Details

ISSN :
00221821
Volume :
50
Issue :
2
Database :
Gale General OneFile
Journal :
Journal of Industrial Economics
Publication Type :
Academic Journal
Accession number :
edsgcl.87019587