The Economics of Interchange Fees and Their Regulation: An Overview
This essay surveys the economic literature on interchange fees and the debate over whether interchange should be regulated and, if so, how. We consider, first, the operation of unitary payment systems, like American Express, in the context of the recent economic literature on two-sided markets, in w...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | en_US |
| Published: |
2005
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| Online Access: | http://hdl.handle.net/1721.1/18181 |