We consider the implications of platform price discrimination in the context of card platforms.
Despite the platform's ability to price discriminate, we show that it will set fees for card usage …

As a major electronic alternative to cash, central banks and state administrations often
support the development of card payments with regulatory and public policy steps. Hungary …

This paper presents a first estimation of the tourist test threshold for interchange fees that
makes Peruvian small merchants indifferent between accepting cash and debit cards at the …

This chapter visits some of the fundamental concepts from platform economics, network
effects, and network externalities. Further on, it discusses definitions of two-sided and multi …

This paper provides a theory on how to regulate the level of merchant fees in credit card
markets. In particular, we discuss how to regulate the merchant fee in a closed payment …

Sub-acquirers, also known as payment facilitators, have played a vital role in fostering
merchant card acceptance, particularly in developing countries. To provide card acceptance …

This paper analyses how the introduction of sub-acquirers affects the pricing and market
structure in the payment market. When the sub-acquirers and acquirers compete in the same …

Abstract Between 2012 and 2022, Poland, once a EU laggard in the area of cashless
payments, underwent a pivotal transformation. The per capita number of cashless …

This paper examines the use of fake profiles by two-sided platforms to stimulate demand
and increase profits. By deceiving naïve users, platforms invest into an artificial increase of …

It is a common experience for present-day consumers making an international payment via
credit or debit card to be invited to choose the currency in which they wish to have the …