CHIOVEANU, IOANA; FAULI-OLLER, RAMON; SANDONIS, JOEL; … - In: Journal of Industrial Economics 57 (2009) 3, pp. 613-635
This paper analyzes the effects of ATM surcharges on deployment and welfare, in a model where banks compete for ATM and banking services. Foreign fees, surcharges and the interchange fee are endogenously determined. We find situations in which surcharges are welfare enhancing. Under strategic...