scholarly journals The Role of Interchange Fees in Two-Sided Markets: An Empirical Investigation on Payment Cards

2016 ◽  
Vol 98 (2) ◽  
pp. 367-381 ◽  
Author(s):  
Santiago Carbó Valverde ◽  
Sujit Chakravorti ◽  
Francisco Rodríguez Fernández
Keyword(s):  
Empirical Investigation ◽  
Interchange Fees ◽  
Payment Cards ◽  
Two Sided Markets

The Economics of Payment Cards

2014 ◽  
Vol 13 (3) ◽  
Author(s):  
Marc Rysman ◽  
Julian Wright
Keyword(s):  
Empirical Research ◽  
Future Research ◽  
Policy Options ◽  
Interchange Fees ◽  
Economics Literature ◽  
Important Policy ◽  
Wide Range ◽  
Payment Cards ◽  
Detailed Evaluation

AbstractThis paper surveys the economics literature on payment cards, focusing on the role of interchange fees, merchant internalization, surcharging and two-sided markets. The paper aims to integrate a wide range of theoretical papers with the relevant empirical research and important policy questions. We address not only the accomplishments of the research so far, but also the most important limitations in the existing theory and gaps where future research should be directed. Drawing on the insights developed, we provide a detailed evaluation of different policy options.

scholarly journals Pricing Payment Cards

2013 ◽  
Vol 5 (3) ◽  
pp. 206-231 ◽  
Author(s):  
Özlem Bedre-Defolie ◽  
Emilio Calvano
Keyword(s):  
Payment Card ◽  
Price Structure ◽  
Interchange Fees ◽  
Extensive And Intensive Margins ◽  
Payment Cards ◽  
Profit Maximizing ◽  
Two Sided Markets

Payment card networks, such as Visa, require merchants' banks to pay substantial “interchange” fees to cardholders' banks on a per transaction basis. This paper shows that a network's profit-maximizing fee induces an inefficient price structure, oversubsidizing card usage and overtaxing merchants. We show that this distortion is systematic and arises from the fact that consumers make two distinct decisions (membership and usage), whereas merchants make only one (membership). In general, we contribute to the theory of two-sided markets by introducing a model that distinguishes between extensive and intensive margins, thereby explaining why two-part tariffs are useful pricing tools for platforms. (JEL D42, D85, G21, L12)

Governance in Online Stolen Data Markets

2017 ◽  
Author(s):  
Meltem Odaba¸ ◽  
Thomas J. Holt ◽  
Ronald L. Breiger
Keyword(s):  
Social Structure ◽  
Communication Networks ◽  
State Intervention ◽  
Governance Structure ◽  
Economic Organization ◽  
User Groups ◽  
Underground Economies ◽  
Two Sided Markets

We analyze the governance structure of online stolen data markets. As cybercriminal underground economies, stolen data markets are beyond the reach of state intervention, and yet they need form and regulation in order to function. While the illicit nature of the business brings risks to its participants, the online characteristics of these markets enable the participants to communicate easily, which is a crucial means of generating trust. We first identify stolen data markets in terms of their economic organization as two-sided markets, economic platforms with two distinct user groups that provide each other with network synergies. This characterization enables us to understand the role of the forum administrator as that of an intermediary, market creator, and market regulator. Then we clarify the role of communication networks and social structure in creating trust among buyers and sellers.

Institutions, Models of Capitalism and Inequality in Income Distribution: An Empirical Investigation

2017 ◽  
Vol 17 (3) ◽  
pp. 651-685 ◽  
Author(s):  
Gilberto Antonelli ◽  
Pinuccia P Calia ◽  
Giovanni Guidetti
Keyword(s):  
Income Inequality ◽  
Income Distribution ◽  
Empirical Investigation ◽  
Econometric Evidence ◽  
Definition Of ◽  
The Empirical Analysis ◽  
Statistical Indicators ◽  
Different Levels

Abstract The article analyses the role of institutions in the determination of income inequality in a sample of OECD countries. Basing on the seminal approach by Amable, the article discusses the theoretical definition of model of capitalism. The basic idea is that each model of capitalism is defined by the cobweb of complementary relationships established among different institutions. Using a set of statistical indicators of the operation of institutions in two different years, 1995 and 2010, the empirical analysis points out five models of capitalism and exhibits how their composition has changed in this lapse of 15 years. In the following sections of the article, we investigate the role played by the model of capitalism in the determination of income distribution, measured through a standard Gini index. After controlling for a set of variables, the econometric evidence shows that different models of capitalism present significantly different levels of income inequality.

scholarly journals Learning how: Body techniques, skill acquisition and the consumption of experience

2018 ◽  
Vol 19 (4) ◽  
pp. 425-445 ◽  
Author(s):  
Stephen Murphy ◽  
Maurice Patterson ◽  
Lisa O’Malley
Keyword(s):  
Skill Acquisition ◽  
Sustained Attention ◽  
High Speed ◽  
Empirical Investigation ◽  
Subject Formation ◽  
The Social ◽  
Body Techniques ◽  
And Diffusion

Although the skilful body has been ever-present in research accounts of consumption experiences, no sustained attention has been given to the acquisition of skills necessary for successful engagement with those experiences. In the present study, we report an empirical investigation of the acquisition and diffusion of embodied competencies among high-speed motorcyclists. In doing so, we mobilize the concept of reflexive body techniques in order to unpack the social, physical and mindful aspects of skilled embodiment. We demonstrate that skill acquisition is a necessary precursor to successful immersion into certain kinds of consumption experiences offered by the marketplace. Further, we underline the role of skill acquisition in subject formation.

scholarly journals Role of Housing Life-Support Technologies in the Development of Post-Urban Lifestyles

Upravlenie ◽  
2016 ◽  
Vol 4 (1) ◽  
pp. 69-73
Author(s):  
Дончевский ◽  
G. Donchevskiy ◽  
Ермишина ◽  
A. Ermishina ◽  
Клименко ◽  
...  
Keyword(s):  
Economic Activity ◽  
Empirical Investigation ◽  
Life Support ◽  
Russian Society ◽  
Important Place ◽  
Concept Study ◽  
Empirical Verification ◽  
Activity Models ◽  
Urban State

The paper is devoted to a concept study and empirical verification of the hypothesis about existence and development of new post-urban lifestyles in Russian society, which are formed on the basis of industrial and urban state of life, but trying to overcome the urbanism limitations. The authors differentiate posturban representatives as down-shifters and up-shifters. Materials of conducted empirical investigation have demonstrated that innovative technological solutions and modern autonomous eco-friendly housing lifesupport technologies take an important place in post-urban representatives’ socio-economic activity models.

scholarly journals Knowledge Transfer Openness Matrix Facilitating Accessibility in UK Management Education Teaching

2017 ◽  
pp. 230-252
Author(s):  
Jonathan D. Owens ◽  
Usman Talat
Keyword(s):  
Higher Education ◽  
Knowledge Transfer ◽  
Teaching And Learning ◽  
Empirical Investigation ◽  
Management Education ◽  
Learning Technologies ◽  
The Matrix ◽  
The Uk ◽  
Uk Higher Education

This is an empirical investigation considering how the Knowledge Transfer Openness Matrix (KTOM) could facilitate accessibility and Knowledge Transfer (KT) for the UK Higher Education (HE) Management Education Teaching when utilising learning technologies. Its focus is where learning technologies applications currently assist the KT process and support accessibility for the HE teacher and learner. It considers the philosophy of openness, focusing on its usefulness to support accessibility within UK HE Management Education Teaching. It discusses how the openness philosophy may assist the KT process for the HE teacher and learners using learning technologies. In particular, the potential to support accessibility within HE Management Education Teaching environments is appraised. There appear several implications for both teachers and learners. These are characterized in the proposed KTOM. The matrix organises KT events based on the principles of the openness philosophy. The role of learning technologies in events is illustrated with regard to teaching and learning accessibility.

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