Efficiency and Competition between Payment Instruments
نویسندگان
چکیده
منابع مشابه
SePa, efficiency, and Payment card comPetition
This paper analyzes the welfare implications of creating a Single Euro Payments Area. We study the effects of increased network compatibility and payment scale economies on consumer and merchant card fees and its impact on card usage. In particular, we model competition among debit cards and between debit and credit cards. We show that competitive pressures dampen merchant fees and increase tot...
متن کاملIncentives, Communication, and Payment Instruments
Alternative payment instruments are studied in an economy with private information, delayed communication, and limited commitment. Attention is restricted to checks and bank drafts, which differ in resource cost and communication characteristics. Checks are less costly but settlement delays create a limited commitment constraint. We Þnd that drafts dominate at low wealths and checks at higher w...
متن کاملStandardizing Retail Payment Instruments
The business of payments and the provision of payment instruments have a rich history, which can be drawn upon in a discussion of standardization. In the middle-ages, for example, the mere existence of a wide variety of foreign and local coins led to a flourishing business of money exchange offices and cashiers in the Netherlands. Malpractices of some of these firms, mostly in the form of physi...
متن کاملStudy the Relationship between Competition and cost Efficiency in Iran’s Banking Industry
An important factor affecting economic growth is the creation of an efficient financial system for financing high value-added activities. Accordingly, this study examined the relationship between cost efficiency and competition in Iran’s banking industry using data of 18 state-owned and private banks over the period of 2006-2015. To do so, we used trans-log cost function to measure the cost eff...
متن کاملThe Demand for Stored Value Payment Instruments
Due to their functionality, stored value purses based on smart card technology are prominent candidates for being the dominant medium of exchange for micropayments. However, the overall prospects of these payment systems are yet ambiguous, both from the perspective of practice and monetary theory, because their potential to substitute for cash is still largely unknown. As a contribution to the ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Review of Network Economics
سال: 2006
ISSN: 1446-9022,2194-5993
DOI: 10.2202/1446-9022.1087