Skip to content
RDP 2009-02: Competition Between Payment Systems
Equation (18)
U
i
,
j
;
i
c
=
M
{
h
i
c
D
i
,
~
j
m
+
h
j
c
D
j
,
~
i
m
+
h
i
c
D
i
,
j
m
}
−
f
i
c
−
f
j
c
=
M
{
h
i
c
D
i
m
+
h
j
c
D
j
,
~
i
m
−
f
i
c
/
M
−
f
j
c
/
M
}
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaWGvb Waa0baaSqaaiaadMgacaGGSaGaamOAaiaacUdacaWGPbaabaGaam4y aaaakiabg2da9iaad2eadaGadaqaaiaadIgadaqhaaWcbaGaamyAaa qaaiaadogaaaGccaWGebWaa0baaSqaaiaadMgacaGGSaGaaiOFaiaa dQgaaeaacaWGTbaaaOGaey4kaSIaamiAamaaDaaaleaacaWGQbaaba Gaam4yaaaakiaadseadaqhaaWcbaGaamOAaiaacYcacaGG+bGaamyA aaqaaiaad2gaaaGccqGHRaWkcaWGObWaa0baaSqaaiaadMgaaeaaca WGJbaaaOGaamiramaaDaaaleaacaWGPbGaaiilaiaadQgaaeaacaWG TbaaaaGccaGL7bGaayzFaaGaeyOeI0IaamOzamaaDaaaleaacaWGPb aabaGaam4yaaaakiabgkHiTiaadAgadaqhaaWcbaGaamOAaaqaaiaa dogaaaaakeaacqGH9aqpcaWGnbWaaiWaaeaacaWGObWaa0baaSqaai aadMgaaeaacaWGJbaaaOGaamiramaaDaaaleaacaWGPbaabaGaamyB aaaakiabgUcaRiaadIgadaqhaaWcbaGaamOAaaqaaiaadogaaaGcca WGebWaa0baaSqaaiaadQgacaGGSaGaaiOFaGqaciaa=LgaaeaacaWG TbaaaOGaeyOeI0IaamOzamaaDaaaleaacaWGPbaabaGaam4yaaaaki aac+cacaWGnbGaeyOeI0IaamOzamaaDaaaleaacaWGQbaabaGaam4y aaaakiaac+cacaWGnbaacaGL7bGaayzFaaaaaaa@8055@