Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This book which has multidisciplinary studies from different areas of social sciences has been prepared in order to contribute to the growing and developing science world by getting closer to each other day by day. In this context the studies, which were from many different fields, especially in economics, business, political science and law, were dedicated to our valuable readers in a common platform. Studies in the book has been prepared, sampled and examined in accordance with current developments and problems. In this aspect we aimed to contributing the science world by bringing a multidisciplinary and different approach. If you share thought, that science should be considered as multidisciplinary, you are reading the correct book.--

Externalities (Economics)

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Interchange fees have been the focal point for debate in the card industry, among competition authorities and policy makers, as well as in the economic literature on two-sided markets and on the regulation of market failures. This book offers insight into the economics of interchange fees. First, it explains the nature of two-sided markets/platforms/networks and elaborates on four-party schemes and on the rationale behind interchange fees according to Baxter’s model and its later refinements. It also includes the debate about the optimum level of interchange fees and its determination (“tourist test”), and presents the original framework for assessing the impact of interchange fee regulatory reductions for the market participants: consumers, merchants, acquirers, issuers, and card organisations. The framework addresses three areas of concern in reference to the transmission channels of interchange fee reductions (pass-through) and the card scheme domain (triangle: payment organisation, issuer, acquirer). The book discusses the effects of regulatory interchange fee reductions in Australia, USA, Spain, and, most specifically, Poland. It will be of interest to policy makers, card and payments industry practitioners, academics, and students.

Electronic funds transfers --- Transaction costs. --- Cost --- Externalities (Economics) --- Right of property --- Banking law --- Law and legislation. --- Banks and banking. --- Macroeconomics. --- International finance. --- Banking. --- Macroeconomics/Monetary Economics//Financial Economics. --- International Finance. --- International monetary system --- International money --- Finance --- International economic relations --- Economics --- Agricultural banks --- Banking --- Banking industry --- Commercial banks --- Depository institutions --- Financial institutions --- Money