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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP3930 |
DP3930 Reconciling Stability and Growth: Smart Pacts and Structural Reforms | |
Roel Beetsma; Xavier Debrun | |
发表日期 | 2003-06-23 |
出版年 | 2003 |
语种 | 英语 |
摘要 | This Paper studies the efficient pricing of large-value payment systems in the presence of unobservable heterogeneity across banks. It is shown that the optimal pricing scheme for a public monopoly system involves quantity discounts in the form of a decreasing marginal fee. This is also true when the public system competes with a private system characterized by a lower marginal cost. In this case, however, optimal marginal fees in the public system are lower than its marginal cost, and fixed fees have to be levied. We also study the case of competition between several public systems. The structure of the optimal tariff depends on the willingness of Central Banks to allow by-pass. |
主题 | Financial Economics |
关键词 | Payment systems Non-linear pricing |
URL | https://cepr.org/publications/dp3930 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532914 |
推荐引用方式 GB/T 7714 | Roel Beetsma,Xavier Debrun. DP3930 Reconciling Stability and Growth: Smart Pacts and Structural Reforms. 2003. |
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