What is in it for us? Network effects and bank payment innovation
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Joseph Farrell & Garth Saloner, 1985.
"Standardization, Compatibility, and Innovation,"
RAND Journal of Economics, The RAND Corporation, vol. 16(1), pages 70-83, Spring.
- Joseph Farrell & Garth Saloner, 1984. "Standardization, Compatibility and Innovation," Working papers 345, Massachusetts Institute of Technology (MIT), Department of Economics.
- Garth Saloner & Andrea Shepard, 1995. "Adoption of Technologies with Network Effects: An Empirical Examination of the Adoption of Teller Machines," RAND Journal of Economics, The RAND Corporation, vol. 26(3), pages 479-501, Autumn.
- Knittel Christopher R. & Stango Victor, 2008.
"Incompatibility, Product Attributes and Consumer Welfare: Evidence from ATMs,"
The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 8(1), pages 1-42, January.
- Christopher R. Knittel & Victor Stango, 2004. "Incompatibility, Product Attributes and Consumer Welfare: Evidence from ATMs," Working Papers 04-06, NET Institute, revised Oct 2004.
- Knittel, Christopher R. & Stango, Victor, 2005. "Incompatibility, Product Attributes and Consumer Welfare: Evidence from ATMs," Department of Economics, Working Paper Series qt3d42z9rh, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Christopher Knittel & Victor Stango, 2005. "Incompatibility, Product Attributes and Consumer Welfare: Evidence from ATMs," Working Papers 16, University of California, Davis, Department of Economics.
- Knittel, Christopher R., 2004. "Incompatibility, Product Attributes and Consumer Welfare: Evidence from ATMs," Santa Cruz Department of Economics, Working Paper Series qt4z54r2s3, Department of Economics, UC Santa Cruz.
- Christopher R. Knittel & Victor Stango, 2004. "Incompatibility, Product Attributes and Consumer Welfare: Evidence from ATMs," NBER Working Papers 10962, National Bureau of Economic Research, Inc.
- Graeme Guthrie & Julian Wright, 2007.
"Competing Payment Schemes,"
Journal of Industrial Economics, Wiley Blackwell, vol. 55(1), pages 37-67, March.
- Guthrie, Graeme & Wright, Julian, 2003. "Competing Payment Schemes," Working Papers 173, Department of Economics, The University of Auckland.
- Gautam Gowrisankaran & Joanna Stavins, 2004.
"Network Externalities and Technology Adoption: Lessons from Electronic Payments,"
RAND Journal of Economics, The RAND Corporation, vol. 35(2), pages 260-276, Summer.
- Gautam Gowrisankaran & Joanna Stavins, 1999. "Network externalities and technology adoption: lessons from electronic payments," Working Papers 99-5, Federal Reserve Bank of Boston.
- Gautam Gowrisankaran & Joanna Stavins, 2002. "Network externalities and technology adoption: lessons from electronic payments," Working Paper Series 2002-16, Federal Reserve Bank of San Francisco.
- Gautam Gowrisankaran & Joanna Stavins, 2002. "Network Externalities and Technology Adoption: Lessons from Electronic Payments," NBER Working Papers 8943, National Bureau of Economic Research, Inc.
- Jean-Charles Rochet & Jean Tirole, 2003.
"Platform Competition in Two-Sided Markets,"
Journal of the European Economic Association, MIT Press, vol. 1(4), pages 990-1029, June.
- Rochet, Jean-Charles & Triole, Jean, 2002. "Platform competition in two sided markets," LSE Research Online Documents on Economics 24929, London School of Economics and Political Science, LSE Library.
- Rochet, Jean-Charles & Tirole, Jean, 2003. "Platform Competition in Two-Sided Markets," IDEI Working Papers 152, Institut d'Économie Industrielle (IDEI), Toulouse.
- Jean-Charles Rochet & Jean Triole, 2002. "Platform Competition in Two Sided Markets," FMG Discussion Papers dp409, Financial Markets Group.
- Shy, Oz, 2002. "A quick-and-easy method for estimating switching costs," International Journal of Industrial Organization, Elsevier, vol. 20(1), pages 71-87, January.
- S. J. Liebowitz & Stephen E. Margolis, 1994. "Network Externality: An Uncommon Tragedy," Journal of Economic Perspectives, American Economic Association, vol. 8(2), pages 133-150, Spring.
- Katz, Michael L & Shapiro, Carl, 1985. "Network Externalities, Competition, and Compatibility," American Economic Review, American Economic Association, vol. 75(3), pages 424-440, June.
- Katz, Michael L & Shapiro, Carl, 1992. "Product Introduction with Network Externalities," Journal of Industrial Economics, Wiley Blackwell, vol. 40(1), pages 55-83, March.
- Liebowitz, S J & Margolis, Stephen E, 1995.
"Path Dependence, Lock-in, and History,"
The Journal of Law, Economics, and Organization, Oxford University Press, vol. 11(1), pages 205-226, April.
- Stephen E. Margolis & S.J. Liebowitz, "undated". "Path Dependence, Lock-in and History," Working Paper Series 10, North Carolina State University, Department of Economics.
- Shy,Oz, 2001.
"The Economics of Network Industries,"
Cambridge Books,
Cambridge University Press, number 9780521800952, September.
- Shy,Oz, 2001. "The Economics of Network Industries," Cambridge Books, Cambridge University Press, number 9780521805001, September.
- Christopher R. Knittel & Victor Stango, 2003.
"Compatibility and pricing with indirect network effects: evidence from ATMs,"
Working Paper Series
WP-03-33, Federal Reserve Bank of Chicago.
- Christopher Knittel & Victor Stango, 2005. "Compatibility and Pricing with Indirect Network Effects: Evidence from ATMs," Working Papers 35, University of California, Davis, Department of Economics.
- Christopher R. Knittel & Victor Stango, 2004. "Compatibility and Pricing with Indirect Network Effects: Evidence from ATMs," NBER Working Papers 10774, National Bureau of Economic Research, Inc.
- Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626, National Bureau of Economic Research, Inc.
- Dasgupta, Partha & Stiglitz, Joseph, 1980. "Industrial Structure and the Nature of Innovative Activity," Economic Journal, Royal Economic Society, vol. 90(358), pages 266-293, June.
- Katz, Michael L & Shapiro, Carl, 1986. "Technology Adoption in the Presence of Network Externalities," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 822-841, August.
- David Humphrey & Lawrence Pulley & Jukka Vesala, 2000. "The Check's in the Mail: Why the United States Lags in the Adoption of Cost-Saving Electronic Payments," Journal of Financial Services Research, Springer;Western Finance Association, vol. 17(1), pages 17-39, February.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Sushanta K. Mallick & Shirley J. Ho, 2008. "On Network Competition And The Solow Paradox: Evidence From Us Banks," Manchester School, University of Manchester, vol. 76(s1), pages 37-57, September.
- Prosper F. Bangwayo-Skeete & Ryan W. Skeete, 2007. "Regional Integration and Elasticities of Export Demand in Barbados," Money Affairs, CEMLA, vol. 0(1), pages 23-41, January-J.
- Yi Zhang & Patrick Sik-Wah Fong & Daniel Yamoah Agyemang, 2021. "What Should Be Focused on When Digital Transformation Hits Industries? Literature Review of Business Management Adaptability," Sustainability, MDPI, vol. 13(23), pages 1-30, December.
- repec:zbw:bofrdp:2008_022 is not listed on IDEAS
- John Ashton & Andros Gregoriou, 2014. "The role of implicit costs and product quality in determining the customer costs of using personal current accounts," Working Papers 14001, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).
- S J Ho & S K Mallick, 2010. "The impact of information technology on the banking industry," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 61(2), pages 211-221, February.
- Kemppainen, Kari, 2008. "Integrating European retail payment systems: some economics of SEPA," Bank of Finland Research Discussion Papers 22/2008, Bank of Finland.
- Gangopadhyay, Partha & Jain, Siddharth & Bakry, Walid, 2022. "In search of a rational foundation for the massive IT boom in the Australian banking industry: Can the IT boom really drive relationship banking?," International Review of Financial Analysis, Elsevier, vol. 82(C).
- repec:bdi:opques:qef_144_01 is not listed on IDEAS
- Hartmann, Monika & Gijsel, Lola Hernandez-van & Plooij, Mirjam & Vandeweyer, Quentin, 2019. "Are instant payments becoming the new normal? A comparative study," Occasional Paper Series 229, European Central Bank.
- Guerino Ardizzi & Eleonora Iachini, 2013. "Why are payment habits so heterogeneous across and within countries? Evidence from European countries and Italian regions," Questioni di Economia e Finanza (Occasional Papers) 144, Bank of Italy, Economic Research and International Relations Area.
- Kemppainen, Kari, 2008. "Integrating European retail payment systems : some economics of SEPA," Research Discussion Papers 22/2008, Bank of Finland.
- Kabiru I. Dandago & Abdullahi Sani Rufai, 2014. "Information Technology and Accounting Information System in the Nigerian Banking Industry," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(5), pages 655-670, May.
- Krivosheya, Egor, 2020. "The role of financial innovations in consumer behavior in the Russian retail payments market," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
- Alhaji Abubakar Aliyu & Rosmaini Bin HJ Tasmin, 2012. "The Impact of Information and Communication Technology on Banks‟ Performance and Customer Service Delivery in the Banking Industry," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 2(1), pages 1-80.
- Jason Allen & Walter Engert & Ying Liu, 2006. "Are Canadian Banks Efficient? A Canada--U.S. Comparison," Staff Working Papers 06-33, Bank of Canada.
- Ka Kei Chan & Alistair Milne, 2019. "The Global Legal Entity Identifier System: How Can It Deliver?," JRFM, MDPI, vol. 12(1), pages 1-29, March.
- Egor Krivosheya & Polina Belyakova, 2019. "Financial innovations role in consumer behavior at Russian retail payments market," Proceedings of Economics and Finance Conferences 9511955, International Institute of Social and Economic Sciences.
- Carlos A. Arango-Arango & Héctor M. Zárate-Solano & Nicolás F. Suárez-Ariza, 2017. "Determinantes del Acceso, Uso y Aceptación de Pagos Electrónicos en Colombia," Borradores de Economia 999, Banco de la Republica de Colombia.
- Alicia García-Herrero & Josep Vilarrubia Author-Workplace-Name: Banco Central de la República Argentina, 2007. "The Laffer Curve of Macroeconomic Volatility and Growth: Can it be Explained by the Different Nature of Crises?," Money Affairs, CEMLA, vol. 0(1), pages 43-60, January-J.
- Prudence Serju, 2007. "Estimating Potential Output for Jamaica: a Structural VAR Approach," Money Affairs, CEMLA, vol. 0(1), pages 1-22, January-J.
- Paolo Casini, 2010. "The industrial organization of financial services in developing and developed countries," ULB Institutional Repository 2013/210176, ULB -- Universite Libre de Bruxelles.
- Jason Allen & Walter Engert & Ying Liu, 2007. "A Comparison of Canadian and US Universal Banks: Efficiency, Productivity, and the Role of Technology," Money Affairs, CEMLA, vol. 0(1), pages 61-96, January-J.
- repec:wsr:wpaper:y:2008:i:011 is not listed on IDEAS
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- repec:zbw:bofrdp:2005_016 is not listed on IDEAS
- repec:zbw:bofism:2006_038 is not listed on IDEAS
- Milne, Alistair, 2006.
"What is in it for us? Network effects and bank payment innovation,"
Journal of Banking & Finance, Elsevier, vol. 30(6), pages 1613-1630, June.
- Milne, Alistair, 2005. "What's in it for us? : network effects and bank payment innovation," Research Discussion Papers 16/2005, Bank of Finland.
- Snellman, Heli, 2006. "Automated teller machine network market structure and cash usage," Scientific Monographs, Bank of Finland, number 2006_038.
- Oz Shy, 2011.
"A Short Survey of Network Economics,"
Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 38(2), pages 119-149, March.
- Oz Shy, 2010. "A short survey of network economics," Working Papers 10-3, Federal Reserve Bank of Boston.
- Daniel Birke, 2009.
"The Economics Of Networks: A Survey Of The Empirical Literature,"
Journal of Economic Surveys, Wiley Blackwell, vol. 23(4), pages 762-793, September.
- Daniel Birke, 2008. "The economics of networks - A survey of the empirical literature," Occasional Papers 22, Industrial Economics Division.
- Narayanan, V.K. & Chen, Tianxu, 2012. "Research on technology standards: Accomplishment and challenges," Research Policy, Elsevier, vol. 41(8), pages 1375-1406.
- Snellman, Heli, 2006. "Automated teller machine network market structure and cash usage," Bank of Finland Scientific Monographs, Bank of Finland, volume 0, number sm2006_038, July.
- Wei Jin & ZhongXiang Zhang, 2015.
"Levelling the Playing Field: On the Missing Role of Network Externality in Designing Renewable Energy Technology Deployment Policies,"
Working Papers
2015.76, Fondazione Eni Enrico Mattei.
- Wei Jin & ZhongXiang Zhang, 2015. "Levelling the playing field: On the missing role of network externality in designing renewable energy technology deployment policies," CCEP Working Papers 1509, Centre for Climate & Energy Policy, Crawford School of Public Policy, The Australian National University.
- Jin, Wei & Zhang, ZhongXiang, 2015. "Levelling the playing field: On the missing role of network externality in designing renewable energy technology deployment policies," Working Papers 249514, Australian National University, Centre for Climate Economics & Policy.
- Jin, Wei & Zhang, ZhongXiang, 2015. "Levelling the Playing Field: On the Missing Role of Network Externality in Designing Renewable Energy Technology Deployment Policies," Climate Change and Sustainable Development 208433, Fondazione Eni Enrico Mattei (FEEM).
- Heli Koski & Tobias Kretschmer, 2004.
"Survey on Competing in Network Industries: Firm Strategies, Market Outcomes, and Policy Implications,"
Journal of Industry, Competition and Trade, Springer, vol. 4(1), pages 5-31, March.
- Koski, Heli & Kretschmer, Tobias, 2004. "Survey on competing in network industries : firm strategies, market outcomes, and policy implications," LSE Research Online Documents on Economics 803, London School of Economics and Political Science, LSE Library.
- Laura Baraldi, 2004. "Esternalita' Di Rete: Una Rassegna," Working Papers 12_2004, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
- Milne, Alistair, 2005. "What's in it for us? Network effects and bank payment innovation," Bank of Finland Research Discussion Papers 16/2005, Bank of Finland.
- Vanberg, Margit A., 2005. "Network Externalities and Interconnection Incentives," ZEW Discussion Papers 05-80, ZEW - Leibniz Centre for European Economic Research.
- Kari Kemppainen, 2004. "Competition and regulation in European retail payment systems," Microeconomics 0404008, University Library of Munich, Germany.
- Xiong, Hang & Payne, Diane & Kinsella, Stephen, 2016. "Peer effects in the diffusion of innovations: Theory and simulation," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 63(C), pages 1-13.
- Schade, Sven & Buxmann, Peter, 2005. "A Prototype to Analyse and Support Standardization Decisions," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 35795, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
- Jullien, Bruno & Pavan, Alessandro & Rysman, Marc, 2021.
"Two-sided Markets, Pricing, and Network Effects,"
TSE Working Papers
21-1238, Toulouse School of Economics (TSE).
- Bruno Jullien & Alessandro Pavan & Marc Rysman, 2022. "Two-sided Markets, Pricing, and Network Effects," Working Papers hal-03629451, HAL.
- Bruno Jullien & Alessandro Pavan & Marc Rysman, 2021. "Two-sided markets, pricing, and network effects," Post-Print hal-03828345, HAL.
- Pavan, Alessandro & Jullien, Bruno & Rysman, Marc, 2021. "Two-sided Markets, Pricing, and Network Effects," CEPR Discussion Papers 16480, C.E.P.R. Discussion Papers.
- Fabio Manenti & Ernesto Somma, 2008.
"One-Way Compatibility, Two-Way Compatibility and Entry in Network Industries,"
International Journal of the Economics of Business, Taylor & Francis Journals, vol. 15(3), pages 301-322.
- Fabio Maria Manenti & Ernesto Somma, 2002. "One-Way Compatibility, Two-Way Compatibility and Entry in Network Industries," SERIES 0004, Dipartimento di Economia e Finanza - Università degli Studi di Bari "Aldo Moro", revised Jan 2002.
- Fabio Maria Manenti & Ernesto Somma, 2008. "One-Way Compatibility, Two-Way Compatibility and Entry in Network Industries," "Marco Fanno" Working Papers 0068, Dipartimento di Scienze Economiche "Marco Fanno".
- Fabio M. Manenti & Ernesto Somma, 2002. "One-Way Compatibility, Two-Way Compatibility and Entry in Network Industries," Industrial Organization 0205001, University Library of Munich, Germany, revised 04 Oct 2002.
- Manenti, Fabio M. & Ernesto Somma, 2002. "One-Way Compatibility, Two-Way Compatibility and Entry in Network Industries," Royal Economic Society Annual Conference 2002 136, Royal Economic Society.
- Navarro, Noemí, 2012.
"Price and quality decisions under network effects,"
Journal of Mathematical Economics, Elsevier, vol. 48(5), pages 263-270.
- Noemí Navarro, 2012. "Price and quality decisions under network effects," Cahiers de recherche 12-01, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
- A. Bassanini & G. Dosi, 1998. "Competing Technologies, International Diffusion and the Rate of Convergence to a Stable Market Structure," Working Papers ir98012, International Institute for Applied Systems Analysis.
- Edward G. Anderson & Geoffrey G. Parker & Burcu Tan, 2014. "Platform Performance Investment in the Presence of Network Externalities," Information Systems Research, INFORMS, vol. 25(1), pages 152-172, March.
- Creti, Anna, 2001. "Network technologies, communication externalities and total factor productivity," Structural Change and Economic Dynamics, Elsevier, vol. 12(1), pages 1-28, March.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jbfina:v:30:y:2006:i:6:p:1613-1630. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jbf .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.