Merchant internalization revisited

Merchant internalization has been proposed as a key reason for biases in the setting of fees in payment card platforms. It has been shown to hold under several specific models of imperfect competition. This paper unifies and extends the existing payment card literature by showing that merchant internalization holds under a very general model of competition.

MoreLess

Year of publication:	2014
Authors:	Ding, Rong
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 125.2014, 3, p. 347-349
Publisher:	Elsevier
Subject:	Merchant internalization \| Payment cards \| Interchange fees

More details

Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011116218