Arbeitspapier
A Model of the Card Payment System and the Interchange Fee
We analyse a card payment system to assess the economic impact of the interchange fee. This fee is paid by the bank of the merchant, the acquirer, to the bank of the consumer, the issuer. We build up a mode in order to explore whether the interchange fee can enhance the participation to the system and thus increase the benefits of the system as a whole. We also investigate what kind of incentives the interchange fee provides to the actors of the system. We show that the interchange fee selected by the card associations differs from the one that would be selected by a welfare maximising social planner. Moreover the interchange fee selected by the market is likely to produce a smaller market for cards than the socially optimal one.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 796
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
De Grauwe, Paul
Rinaldi, Laura
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- De Grauwe, Paul
- Rinaldi, Laura
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2002
Ähnliche Objekte (12)
The role of the interchange fee in card payment systems
The price effects of reducing payment card interchange fees
Who gains and who loses from the 2011 debit card interchange fee reform?
Credit card interchange fees
Interchange fees in card payments
Interchange fees in card payments
Pricing payment cards
Pricing Payment Cards
Pricing payment cards
Payment Card Network Pricing - A Theoretical Approach Analyzing the Relationship between Downstream Market Characteristics and the Merchant Usage Fee
Development Trends in the Global Payment Card Market
Development Trends in the Global Payment Card Market
The role of the interchange fee in card payment systems
The price effects of reducing payment card interchange fees
Who gains and who loses from the 2011 debit card interchange fee reform?
Credit card interchange fees
Interchange fees in card payments
Interchange fees in card payments
Pricing payment cards
Pricing Payment Cards
Pricing payment cards
Payment Card Network Pricing - A Theoretical Approach Analyzing the Relationship between Downstream Market Characteristics and the Merchant Usage Fee
Development Trends in the Global Payment Card Market
Development Trends in the Global Payment Card Market
The role of the interchange fee in card payment systems
The price effects of reducing payment card interchange fees
Who gains and who loses from the 2011 debit card interchange fee reform?
Credit card interchange fees
Interchange fees in card payments
Interchange fees in card payments
Pricing payment cards
Pricing Payment Cards
Pricing payment cards
Payment Card Network Pricing - A Theoretical Approach Analyzing the Relationship between Downstream Market Characteristics and the Merchant Usage Fee
Development Trends in the Global Payment Card Market