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Interchange Fee Economics : To Regulate or Not to Regulate? / by Jakub Górka

By: Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: SpringerLink Bücher | Springer eBook CollectionPublisher: Cham : Springer International Publishing, 2018Description: Online-Ressource (XVIII, 181 p. 32 illus., 3 illus. in color, online resource)ISBN:
  • 9783030030414
Subject(s): Additional physical formats: 9783030030407 | 9783030030421 | Erscheint auch als: 978-3-030-03040-7 Druck-Ausgabe | Printed edition: 9783030030407 | Printed edition: 9783030030421 | Erscheint auch als: Interchange fee economics. Druck-Ausgabe Cham : palgrave macmillan, 2018. xviii, 181 SeitenDDC classification:
  • 332.1
LOC classification:
  • HG1501-HG3550
DOI: DOI: 10.1007/978-3-030-03041-4Online resources: Summary: Interchange fees have been the focal point for debate in the card industry, among competition authorities and policy makers, as well as in the economic literature on two-sided markets and on the regulation of market failures. This book offers insight into the economics of interchange fees. First, it explains the nature of two-sided markets/platforms/networks and elaborates on four-party schemes and on the rationale behind interchange fees according to Baxter’s model and its later refinements. It also includes the debate about the optimum level of interchange fees and its determination (“tourist test”), and presents the original framework for assessing the impact of interchange fee regulatory reductions for the market participants: consumers, merchants, acquirers, issuers, and card organisations. The framework addresses three areas of concern in reference to the transmission channels of interchange fee reductions (pass-through) and the card scheme domain (triangle: payment organisation, issuer, acquirer). The book discusses the effects of regulatory interchange fee reductions in Australia, USA, Spain, and, most specifically, Poland. It will be of interest to policy makers, card and payments industry practitioners, academics, and studentsSummary: Chapter 1: Two-Sided Markets and Interchange Fees -- Chapter 2. Interchange Fee Reforms in Various Countries -- Chapter 3. Empirical Investigation of the Polish Interchange Fee Reform Effects -- Chapter 4. Final RemarksPPN: PPN: 1041334915Package identifier: Produktsigel: ZDB-2-ECF | ZDB-2-SEB | ZDB-2-SXEF
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