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Skewed Pricing in Two-Sided Markets: An IO approach

Bolt, Wilko; Tieman, Alexander F. - de Nederlandsche Bank - 2004

In two-sided markets, one widely observes skewed pricing strategies, in which the price mark-up is much higher on one side of the market than the other. Using a simple model of two-sided markets, we show that, under constant elasticity of demand, skewed pricing is indeed pro?t maximizing. The...

Persistent link: https://www.econbiz.de/10004970699

A Note on Social Welfare and Cost Recovery in Two-Sided Markets

Bolt, Wilko; Tieman, Alexander - de Nederlandsche Bank - 2004

Using a simple model of two-sided markets, we show that, in the social optimum, platform pricing leads to an inherent cost recovery problem. This result is driven by the positive externality of participation that users on either side of the market exert on the opposite side. The contribution of...

Persistent link: https://www.econbiz.de/10005101818

Pricing Debit Card Payments Services: An IO approach

Bolt, W.; Tieman, A.F. - de Nederlandsche Bank - 2003

debit cards only to the extent that these are accepted by retailers, while retailers in turn benefit from a widespread usage …

Persistent link: https://www.econbiz.de/10005101905

Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence

Blinder, Alan S.; Ehrmann, Michael; Fratzscher, Marcel; … - de Nederlandsche Bank - 2008

Over the last two decades, communication has become an increasingly importantaspect of monetary policy. These real-world developments have spawned a huge newscholarly literature on central bank communicationmostly empirical, and almost all of it written in this decade. We survey this...

Persistent link: https://www.econbiz.de/10005106644

Impact of bank competition on the interest rate pass-through in the euro area

leuvensteijn, M. van; Sorensen, C. Kok; Bikker, J.A.; … - de Nederlandsche Bank - 2008

This paper analyses the impact of loan market competition on the interest rates applied by euro area banks to loans and deposits during the 1994-2004 period, using a novel measure of competition called the Boone indicator. We find evidence that stronger competition implies significantly lower...

Persistent link: https://www.econbiz.de/10005106652

Location Decisions of Foreign Banks and Institutional Competitive Advantage

Claessens, Stijn; Horen, Neeltje van - de Nederlandsche Bank - 2008

Familiarity with working in a specific institutional environment compared to its competitors can provide a firm with a competitive advantage, making it invest in specific host countries. We examine whether this notion of institutional competitive advantage drives banks to seek out specific...

Persistent link: https://www.econbiz.de/10005106662

Social costs of POS payments in the Netherlands 2002-2012: Efficiency gains from increased debit card usage

Jonker, Nicole - de Nederlandsche Bank - 2013

The overall costs of the payment system to society are considerable. These costs depend on the relative usage of the … to 2.5 billion, while cash usage declined to 3.75 billion payments. As a result of the changing payment behaviour of the … reductions. The trend towards more card and less cash usage is expected to continue. From a cost perspective this will be …

Persistent link: https://www.econbiz.de/10010945593

Efficiency and Cost Differences across Countries in a Unified EuropeanBanking Market

Bikker, J.A. - de Nederlandsche Bank - 2003

This paper seeks to discover the level and spread of bank efficiency in the EU, which in the light of the current and … market segments), various banking categories and over time. Two related but diverging dimensions of efficiency are considered …: X-efficiency, measuring managerial ability, and cost level differences, reflecting national economic and institutional …

Persistent link: https://www.econbiz.de/10005021892

An international scorecard for measuring bank performance: The case of Dutch banks

Bos, J.W.B.; Draulans, J.A.J.; Kommer, D. van den; … - de Nederlandsche Bank - 2006

criteria: (i) profitability; (ii) risk; (iii) market power, and (iv) efficiency. We use this scorecard to compare the …

Persistent link: https://www.econbiz.de/10010562428

Public Good Aspects of TARGET: Natural Monopoly, Scale Economies, and Cost Allocation

Bolt, Wilko; Humphrey, David B. - de Nederlandsche Bank - 2005

This paper discusses various theoretic concepts which play a role in assessing the public benefits of Target, the large value RTGS payment network operated by the Eurosystem. These concepts touch upon natural monopoly, network externalities, competition and contestability, as well as economies...

Persistent link: https://www.econbiz.de/10005106673