Economics of Payment Cards: A Status Report

13 Pages Posted: 10 Nov 2008

See all articles by Wilko Bolt

Wilko Bolt

De Nederlandsche Bank (Dutch Central Bank); VU University Amsterdam

Sujit Chakravorti

Independent

Date Written: November 7, 2008

Abstract

This article surveys the recent theoretical literature on payment cards (focusing on debit and credit cards) and studies this research's possible implications for the current public policy debate over payment card networks and the pricing of their services for both consumers and merchants.

Keywords: retail financial services, payment card networks, competition, Production, Pricing, and Market Structure, Size Distribution of Firms, Banks, Other Depository Institutions, Micro Finance Institutions, Mortgages, Financial Markets

Suggested Citation

Bolt, Wilko and Chakravorti, Sujit, Economics of Payment Cards: A Status Report (November 7, 2008). Economic Perspectives, Vol. 32, No. 4, 2008. Available at SSRN: https://ssrn.com/abstract=1297291

Wilko Bolt

De Nederlandsche Bank (Dutch Central Bank) ( email )

P.O. Box 98
1000 AB Amsterdam
Netherlands

VU University Amsterdam ( email )

De Boelelaan 1105
Amsterdam, ND North Holland 1081 HV
Netherlands

Sujit Chakravorti (Contact Author)

Independent ( email )

No Address Available

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