A note on partial merchant internalization and MIT threshold

Vilen Lipatov

In framework of Rochet and Tirole (2011), I allow for partial merchant internalization and study how MIT threshold is related to levels of inter-change fee that maximize various components of social welfare. I find that cost absorption on the side of issuers and merchant heterogeneity each bias MIT threshold upward from TUS maximizing level.

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Year of publication:	December 2015
Authors:	Lipatov, Vilen
Publisher:	München : CESifo, Center for Economic Studies & Ifo Institute
Subject:	MIT \| merchant internalization \| payment cards \| two-sided markets \| Theorie \| Theory \| Handelsgeschichte \| History of trade \| Netzwerkökonomik \| Network economics \| Welt \| World \| Kreditkarte \| Credit card \| Chipkarte \| Smart card \| Internationaler Zahlungsverkehr \| International payments

Extent:	1 Online-Ressource (12 Seiten)
Series:	CESifo working papers. - München : [Verlag nicht ermittelbar], ISSN 2364-1428, ZDB-ID 2065232-X. - Vol. no. 5684
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/128385 [Handle]
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; G28 - Government Policy and Regulation ; K21 - Antitrust Law ; L49 - Antitrust Policy. Other
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011411273