Two-Sided Market, R&D and Payments System Evolution

Two-Sided Market, R&D and Payments System Evolution
It takes many years for more efficient electronic payments to be widely used, and the fees that merchants (consumers) pay for using those services are increasing (decreasing) over time. We address these puzzles by studying payments system evolution with a dynamic model in a twosided market setting. We calibrate the model to the U.S. payment card... READ MORE...

Publication date: March 2019
ISBN 9781484399620
$18.00

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