Payment Card Systems as an Example of two-sided Markets - a Challenge for Antitrust Authorities
Year: 2009
Type: report
Abstract: This article aims to present the concept of two-sided markets on the example of\npayment card systems, which have attracted the attention of regulatory and antitrust\nauthorities in recent years. First, the paper offers a few insights into the basic economic\ntheory behind two-sided markets. Second, it presents a brief description of payment\ncard systems and their features. The following analysis focuses on arguments that\nspeak in favour of a regulatory or antitrust intervention into payment card systems.\nFinally, some of the potential problems that antitrust authorities must face when\nassessing two-sided markets are presented on the basis of an assessment of the\ndecisional practice of the UOKiK President and the European Commission.
Author: Katarzyna Tosza
Institution: Jagiellonian University
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1829019473