Arbeitspapier
The adoption process of payment care - An agent-based approach
We investigate the payment card's adoption rate under consumers' and merchants' awareness of network externalities, given two levels of Interchange Fees in a multiagent card market. For the purpose of our research, in multiple instances of the model (scenarios) the investigated effects are analyzed over the complete process of adoption, until the market's saturation point is achieved. For each scenario, a comparison is made between two different levels of Interchange Fees and different degrees of consumers' and merchants' awareness. We model explicitly the interactions between consumers and merchants at the point of sale. We allow card issuers to charge consumers with fixed fees and provide net benefits from card usage, whereas acquirers can charge fixed and transactional fees to merchants.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Papers ; No. 2012-02
- Klassifikation
-
Wirtschaft
Network Formation and Analysis: Theory
Financial Institutions and Services: Government Policy and Regulation
Oligopoly and Other Imperfect Markets
- Thema
-
two-sided markets
financial services
network formation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Alexandrova-Kabadjova, Biliana
Castellanos, Sara G.
García-Almanza, Alma L.
- Ereignis
-
Veröffentlichung
- (wer)
-
Banco de México
- (wo)
-
Ciudad de México
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Alexandrova-Kabadjova, Biliana
- Castellanos, Sara G.
- García-Almanza, Alma L.
- Banco de México
Entstanden
- 2012
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