| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w12488 |
| 来源ID | Working Paper 12488 |
| Quantifying Equilibrium Network Externalities in the ACH Banking Industry | |
| Daniel A. Ackerberg; Gautam Gowrisankaran | |
| 发表日期 | 2006-08-24 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | We seek to determine the causes and magnitudes of network externalities for the automated clearinghouse (ACH) electronic payments system. We construct an equilibrium model of customer and bank adoption of ACH. We structurally estimate the parameters of the model using an indirect inference procedure and panel data. The parameters are identified from exogenous variation in the adoption decisions of banks based outside the network and other factors. We find that most of the impediment to ACH adoption is from large customer fixed costs of adoption. Policies to provide moderate subsidies to customers and larger subsidies to banks for ACH adoption could increase welfare significantly. |
| 主题 | Industrial Organization ; Market Structure and Firm Performance ; Industry Studies |
| URL | https://www.nber.org/papers/w12488 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/570145 |
| 推荐引用方式 GB/T 7714 | Daniel A. Ackerberg,Gautam Gowrisankaran. Quantifying Equilibrium Network Externalities in the ACH Banking Industry. 2006. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w12488.pdf（1668KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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