G2TT
来源类型Discussion paper
规范类型论文
来源IDDP10171
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
URLhttps://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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