Work

An Economic Analysis of the Determination of Interchange Fees in Payment Card Systems

Year: 2003

Type: article

Abstract: 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.

Source: Review of Network Economics

DOI: 10.2202/1446-9022.1019

Authors: Jean-Charles Rochet, Jean Tirole

Institution: Université de Toulouse

Language: English

Topic: Digital Platforms and Economics

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $2,712

OpenAlex ID: W2134996511

FWCI: 16.91

Cites: 7

Cited by: 105

Related to: 10