Externalities in Payment Card Networks: Theory and Evidence

Payment cards continue to replace cash and checks in advanced economies. Along with the growth of payment card transactions has come greater scrutiny by public authorities of certain payment network rules along with the level of certain fees. This article reviews the growing payment card literature and discusses the impact of several regulatory interventions on card adoption, usage, and social welfare.

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Year of publication:	2010
Authors:	Chakravorti, Sujit
Published in:	Review of Network Economics. - De Gruyter, ISSN 1446-9022, ZDB-ID 2139394-1. - Vol. 9.2010, 2
Publisher:	De Gruyter
Subject:	retail payments \| payment networks \| externalities

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Type of publication:	Article
Type of publication (narrower categories):	research-article
Language:	English
Other identifiers:	10.2202/1446-9022.1199 [DOI]
Source:	Other ZBW resources

Persistent link: https://www.econbiz.de/10014619161