عنوان

Interchange fee economics :

(Number (ISBN

3030030415

(Number (ISBN

9783030030414

Erroneous ISBN

3030030407

Erroneous ISBN

9783030030407

Title Proper

Interchange fee economics :

General Material Designation

[Book]

Other Title Information

to regulate or not to regulate? /

First Statement of Responsibility

Jukub Górka.

Place of Publication, Distribution, etc.

Cham, Switzerland :

Name of Publisher, Distributor, etc.

Palgrave Macmillan,

Date of Publication, Distribution, etc.

[2018]

Specific Material Designation and Extent of Item

1 online resource

Text of Note

BibliographyChapter 3 Empirical Investigation of the Polish Interchange Fee Reform Effects; 3.1 History of Interchange Fee Reductions in Poland; 3.2 Evidence on the Pass-Through Effect from Merchant Surveys; 3.3 Card Payments Acceptance and Card Usage; 3.3.1 Model Selection for Time Series Modelling with Explanatory Variables; 3.3.1.1 Data, Procedure and Assumptions; 3.3.1.2 Time Series Examination and Identification; 3.3.1.3 Estimation and Testing; 3.3.1.4 Application; 3.3.2 Findings; 3.4 Bank Profits and Cardholder Fees; 3.4.1 Interchange Fee Revenues and Banking Income

Text of Note

Two-sided markets and interchange fees -- Interchange fee reforms in various countries -- Empirical investigation of the Polish interchange fee reform effects -- Final remarks.

0

Text of Note

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.

Source for Acquisition/Subscription Address

Springer Nature

Stock Number

com.springer.onix.9783030030414

Title

Interchange fee economics.

International Standard Book Number

9783030030407

Electronic funds transfers-- Law and legislation.

Electronic funds transfers.

Transaction costs.

Electronic funds transfers-- Law and legislation.

Electronic funds transfers.

Transaction costs.

Number

Edition

Class number

Book number

Górka, Jakub,1980-

Date of Transaction

20200823074920.0

Cataloguing Rules (Descriptive Conventions))

pn

Electronic name

[Book]

Y