Governance, Issuance Restrictions, And Competition In Payment Card Networks
Robert S. Pindyck;
jel: jel:L40 | jel:G20 | jel:L44
I discuss the antitrust suit brought by the U.S. Department of Justice against Visa and MasterCard in 1998. Banks that issue Visa cards are free to also issue MasterCard cards, and vice versa, and many banks issue the cards of both networks. However, both Visa and Maste... View more
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