This article surveys a variety of topics that are related to network economics. Topics covered
include: consumer demand under network effects, compatibility decisions and …

This Chapter provides a survey of the economics literature on multi-sided platforms with
particular focus on competition policy issues, including market definition, mergers …

Payment cards continue to replace cash and checks in advanced economies. Along with the
growth of payment card transactions has come greater scrutiny by public authorities of …

This paper explains why payment card networks charge fees that are proportional to the
transaction values instead of charging fixed per-transaction fees. We show that, when card …

I formalize the popular argument that retailers pay too much and cardholders too little to
make use of payment card platforms, resulting in excessive use of cards. To do this, I …

For many people 'going shopping'is seen as one of life's great pleasures. It combines the
excitement of a bargain, the thrill of the chase, new experiences, three-dimensional mental …

A practical guide to the evolving world of banking and financial institutions Due to various
factors, ranging from the global financial crisis that began in 2007 to new laws such as the …

Merchant fees and reward programs generate an implicit monetary transfer to credit card
users from non-card (or¿ cash¿) users because merchants generally do not set differential …

One similarity among many developed economies is the predominance of cash over
electronic payments in terms of payment frequency, especially for the low‐value transactions …

Purpose Consumers frequently use electronic payments (e-payment) as their first step into
formal financial services. The advancement of information and communication technology …