An Introduction to the Economics of Payment Card Networks
Robert Hunt
Review of Network Economics, 2003, vol. 2, issue 2, 17
Abstract:
Open payment card networks typically coordinate the activities of thousands of financial institutions that issue cards, millions of retail locations that accept them, and several hundred million consumers that use them. This coordination can include the collective setting of certain prices and other controversial network rules. Such practices have recently come under the scrutiny of antitrust authorities in the U.S. and abroad. This article provides a brief overview of the economics of the payment card industry, explaining some of the differences from the textbook model of competitive markets. Such differences are important factors for the antitrust analysis of payment card networks.
Date: 2003
References: Add references at CitEc
Citations: View citations in EconPapers (37)
Downloads: (external link)
https://doi.org/10.2202/1446-9022.1020 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.
Related works:
Working Paper: An introduction to the economics of payment card networks (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:bpj:rneart:v:2:y:2003:i:2:n:3
Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/rne/html
DOI: 10.2202/1446-9022.1020
Access Statistics for this article
Review of Network Economics is currently edited by Lukasz Grzybowski
More articles in Review of Network Economics from De Gruyter
Bibliographic data for series maintained by Peter Golla (peter.golla@degruyter.com).