Market structure and credit card pricing: what drives the interchange?

Preprint OPEN
Zhu Wang;
  • Subject: Credit cards ; Markets
    acm: ComputingMilieux_COMPUTERSANDSOCIETY

This paper presents a model for the credit card industry, where oligopolistic card networks price their products in a complex marketplace with competing payment instruments, rational consumers/merchants, and competitive card issuers/acquirers. The analysis suggests that... View more
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