Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.jbankfin.2010.02.026
DC FieldValue
dc.titleCredit card interchange fees
dc.contributor.authorRochet, J.-C.
dc.contributor.authorWright, J.
dc.date.accessioned2011-05-03T08:09:04Z
dc.date.available2011-05-03T08:09:04Z
dc.date.issued2010
dc.identifier.citationRochet, J.-C., Wright, J. (2010). Credit card interchange fees. Journal of Banking and Finance 34 (8) : 1788-1797. ScholarBank@NUS Repository. https://doi.org/10.1016/j.jbankfin.2010.02.026
dc.identifier.issn03784266
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/22362
dc.description.abstractWe build a model of credit card pricing that explicitly takes into account credit functionality. In the model a monopoly card network always selects an interchange fee that exceeds the level that maximizes consumer surplus. If regulators only care about consumer surplus, a conservative regulatory approach is to cap interchange fees based on retailers' net avoided costs from not having to provide credit themselves. This always raises consumer surplus compared to the unregulated outcome, sometimes to the point of maximizing consumer surplus. © 2010 Elsevier B.V.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/j.jbankfin.2010.02.026
dc.sourceScopus
dc.subjectCredit cards
dc.subjectPayments
dc.subjectTwo-sided markets
dc.typeArticle
dc.contributor.departmentECONOMICS
dc.description.doi10.1016/j.jbankfin.2010.02.026
dc.description.sourcetitleJournal of Banking and Finance
dc.description.volume34
dc.description.issue8
dc.description.page1788-1797
dc.description.codenJBFID
dc.identifier.isiut000279440500006
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