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Books > Business & Economics > Economics > Macroeconomics
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Interchange Fee Economics - To Regulate or Not to Regulate? (Paperback, 1st ed. 2018)
Loot Price: R1,909
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Interchange Fee Economics - To Regulate or Not to Regulate? (Paperback, 1st ed. 2018)
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Interchange fees have been the focal point for debate in the card
industry, among competition authorities and policy makers, as well
as in the economic literature on two-sided markets and on the
regulation of market failures. This book offers insight into the
economics of interchange fees. First, it explains the nature of
two-sided markets/platforms/networks and elaborates on four-party
schemes and on the rationale behind interchange fees according to
Baxter’s model and its later refinements. It also includes the
debate about the optimum level of interchange fees and its
determination (“tourist test”), and presents the
original framework for assessing the impact of interchange fee
regulatory reductions for the market participants: consumers,
merchants, acquirers, issuers, and card organisations. The
framework addresses three areas of concern in reference to the
transmission channels of interchange fee reductions (pass-through)
and the card scheme domain (triangle: payment organisation, issuer,
acquirer). The book discusses the effects of regulatory interchange
fee reductions in Australia, USA, Spain, and, most specifically,
Poland. It will be of interest to policy makers, card and
payments industry practitioners, academics, and students.
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