Research Discussion Paper – RDP 2012-03 ATM Fees, Pricing and Consumer Behaviour: An Analysis of ATM Network Reform in Australia

Contents

• Introduction
• The ATM Market in Australia
• Theoretical Models of ATM Fees and Empirical Findings
• The Model and Implications
• Consumer Behaviour Post-reform
• Conclusion
• Appendix A: Distribution of Fees
• Appendix B: Definitions
• Appendix C: Derivation of Results
• References

The Discussion Paper series is intended to make the results of the current economic research within the Reserve Bank available to other economists. Its aim is to present preliminary results of research so as to encourage discussion and comment. Views expressed in this paper are those of the authors and not necessarily those of the Reserve Bank. Use of any results from this paper should clearly attribute the work to the authors and not to the Reserve Bank of Australia.

The contents of this publication shall not be reproduced, sold or distributed without the prior consent of the Reserve Bank of Australia.

I would like to thank Richard Finlay, Christopher Kent and Kylie Smith for helpful comments and discussions. Any remaining errors are those of the author. Some of the work for this paper was undertaken while at the London School of Economics and Political Science.