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Market Power and Efficiency in Card Payment Systems: A Comment

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  • Cabral Luis M. B.

    (New York University and CEPR)

Abstract

In this short comment, I provide my views on "Market Power and Efficiency in Card Payment Systems" (published in this issue) that was presented at the Antitrust Activity in Card-Based Payment Systems: Causes and Consequences conference, and more generally on the ideas introduced by Rochet and Tirole's work on payment systems.

Suggested Citation

  • Cabral Luis M. B., 2006. "Market Power and Efficiency in Card Payment Systems: A Comment," Review of Network Economics, De Gruyter, vol. 5(1), pages 1-11, March.
    • Handle: RePEc:bpj:rneart:v:5:y:2006:i:1:n:2
    DOI: 10.2202/1446-9022.1086
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    Cited by:

    1. Henriques David, 2018. "Cards on the Table: Efficiency and Welfare Effects of the No-Surcharge Rule," Review of Network Economics, De Gruyter, vol. 17(1), pages 25-50, March.
    2. Nicholas Economides & David Henriques, 2011. "To Surcharge or Not To Surcharge? A Two-Sided Market Perspective of the No-Surcharge Rule," Working Papers 11-03, NET Institute.
    3. Henriques, David, 2018. "Cards on the table: efficiency and welfare effects of the no-surcharge rule," LSE Research Online Documents on Economics 90664, London School of Economics and Political Science, LSE Library.
    4. Martikainen, Emmi & Schmiedel, Heiko & Takalo, Tuomas, 2015. "Convergence of European retail payments," Journal of Banking & Finance, Elsevier, vol. 50(C), pages 81-91.

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