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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP10171 |
DP10171 Shrouded Transaction Costs | |
Jean Tirole; Renato Gomes | |
发表日期 | 2014-10-12 |
出版年 | 2014 |
语种 | 英语 |
摘要 | The proliferation of new payment methods on the Internet rekindles the old and unsettled debate about merchants? incentive and ability to differentiate price according to payment choice. This paper develops an imperfect-information framework for the analysis of platform and social regulation of card surcharging and cash discounting. It makes three main contributions. First, it identifies the conditions under which concerns about missed sales induce merchants to perceive that they must take the card. Second, it derives a set of predictions about cash discounts, card surcharges and platform fees that match, and shed light on existing evidence. Finally, it shows that the optimal regulation of surcharging is related to public policy toward merchant fees and substantially differs from current practice. |
主题 | Industrial Organization |
关键词 | Payment cards Cash discounts Card surcharges Hold-ups in two-sided markets Missed sales |
URL | https://cepr.org/publications/dp10171 |
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/539021 |
推荐引用方式 GB/T 7714 | Jean Tirole,Renato Gomes. DP10171 Shrouded Transaction Costs. 2014. |
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