Research Discussion Paper – RDP 2009-02 Competition Between Payment Systems
April 2009
Contents
- Introduction
- A Model of Competing Payment Systems
- Understanding Merchants' and Consumers' Card Choices
- Potential Non-uniqueness of Market Equilibria
- Conclusions
- Appendix A: Derivation of the Geometric Frameworks in Section 3
- Appendix B: Platforms' Pricing Incentives
- References
We are grateful to Michele Bullock, Christopher Kent, Philip Lowe and colleagues at the Reserve Bank for helpful comments. The views expressed in this paper are those of the authors and are not necessarily those of the Reserve Bank of Australia.