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An Economic Analysis of the Determination of Interchange Fees in Payment Card Systems Author info | Abstract | Publisher info | Download info | Related research | Statistics Jean-Charles Rochet () (IDEI, Toulouse University, and LSE)
Jean Tirole (IDEI, Toulouse University, and MIT)
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The paper investigates, in a non-technical fashion, the economic determinants of interchange fees in payment card systems and the potential need for their regulation. Among other things, it demonstrates that the proposal for a cost-based regulation of interchange fees relies on an erroneous, vertically organized, model of the payment card industry.
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Article provided by Concept Economics in its journal Review of Network Economics .
Volume (Year): 2 (2003)
Issue (Month): 2 (June)
Pages: 69-79
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Handle: RePEc:rne:rneart:v:2:y:2003:i:2:p:69-79Contact details of provider: Web page: http://www.rnejournal.com
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Keywords: Payment systems ; credit cards ; interchange fees ; regulation ; banks ; Other versions of this item:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: repec:bep:eaptop:v:3:y:2003:i:1:p:1069-1069 is not listed on IDEAS
Rochet, Jean-Charles & Tirole, Jean, 2003.
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"Cooperation Among Competitors: Some Economics Of Payment Card Associations ,"
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