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RDP 2009-02: Competition Between Payment Systems
Equation (14)
Π
j
=
C
M
{
[
(
f
j
c
,
*
−
g
j
*
)
+
(
f
j
m
−
c
j
)
]
D
j
c
D
j
m
−
(
f
j
m
−
c
j
)
D
i
,
j
;
i
c
D
i
,
j
m
}
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaeuiOda1aaS baaSqaaiaadQgaaeqaaOGaeyypa0Jaam4qaiaad2eadaGadaqaamaa dmaabaWaaeWaaeaacaWGMbWaa0baaSqaaiaadQgaaeaacaWGJbGaai ilaiaacQcaaaGccqGHsislcaWGNbWaa0baaSqaaiaadQgaaeaacaGG QaaaaaGccaGLOaGaayzkaaGaey4kaSYaaeWaaeaacaWGMbWaa0baaS qaaiaadQgaaeaacaWGTbaaaOGaeyOeI0Iaam4yamaaBaaaleaacaWG QbaabeaaaOGaayjkaiaawMcaaaGaay5waiaaw2faaiaadseadaqhaa WcbaGaamOAaaqaaiaadogaaaGccaWGebWaa0baaSqaaiaadQgaaeaa caWGTbaaaOGaeyOeI0YaaeWaaeaacaWGMbWaa0baaSqaaiaadQgaae aacaWGTbaaaOGaeyOeI0Iaam4yamaaBaaaleaacaWGQbaabeaaaOGa ayjkaiaawMcaaiaadseadaqhaaWcbaGaamyAaiaacYcacaWGQbGaai 4oaGqaciaa=LgaaeaacaWGJbaaaOGaamiramaaDaaaleaacaWGPbGa aiilaiaadQgaaeaacaWGTbaaaaGccaGL7bGaayzFaaaaaa@6A24@