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Die Großen Zwei - Wettbewerb im Kreditkartenmarkt?

This article analyzes the market for credit cards. I begin with a discussion of the organization and the characteristics of the market. Next I present the antitrust cases in the USA and the European Union. Contributions to the literature on credit cards in respect to the market characteristics and the antitrust cases are discussed. Finally I compare prices of credit card use with close substitutes (debit cards). I analyze whether costs influence prices of the service. My empirical evidence suggests that prices are not determined by costs and thus inefficiencies must exist given the current market structure.Evidence on special agreements supports the hypothesis that market power is an important factor for price determination.

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File URL: http://homepage.univie.ac.at/Papers.Econ/RePEc/vie/viennp/vie0201.pdf
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Paper provided by University of Vienna, Department of Economics in its series Vienna Economics Papers with number 0201.

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Date of creation: Jan 2002
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Handle: RePEc:vie:viennp:0201
Contact details of provider: Web page: http://www.univie.ac.at/vwl

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  1. Jerry A. Hausman & Gregory K. Leonard & Jean Tirole, 2003. "On Non-Exclusive Membership in Competing Joint Ventures," Levine's Working Paper Archive 506439000000000145, David K. Levine.
  2. Gans Joshua S & King Stephen P, 2003. "The Neutrality of Interchange Fees in Payment Systems," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 3(1), pages 1-18, January.
  3. Schmalensee, Richard, 2002. "Payment Systems and Interchange Fees," Journal of Industrial Economics, Wiley Blackwell, vol. 50(2), pages 103-22, June.
  4. Baxter, William F, 1983. "Bank Interchange of Transactional Paper: Legal and Economic Perspectives," Journal of Law and Economics, University of Chicago Press, vol. 26(3), pages 541-88, October.
  5. Fabio M. Manenti & Ernesto Somma, 2002. "Plastic Clashes: Competition among Closed and Open Systems in the Credit Card Industry," Industrial Organization 0211012, EconWPA.
  6. Ausubel, Lawrence M, 1991. "The Failure of Competition in the Credit Card Market," American Economic Review, American Economic Association, vol. 81(1), pages 50-81, March.
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