LEADER 03297nam 22005055 450 001 9910299636503321 005 20200630085915.0 010 $a3-030-03041-5 024 7 $a10.1007/978-3-030-03041-4 035 $a(CKB)4100000007181200 035 $a(MiAaPQ)EBC5609364 035 $a(DE-He213)978-3-030-03041-4 035 $a(EXLCZ)994100000007181200 100 $a20181129d2018 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aInterchange Fee Economics $eTo Regulate or Not to Regulate? /$fby Jakub Górka 205 $a1st ed. 2018. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2018. 215 $a1 online resource (xviii, 181 pages) 311 $a3-030-03040-7 327 $aChapter 1: Two-Sided Markets and Interchange Fees -- Chapter 2. Interchange Fee Reforms in Various Countries -- Chapter 3. Empirical Investigation of the Polish Interchange Fee Reform Effects -- Chapter 4. Final Remarks. 330 $aInterchange 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. 606 $aBanks and banking 606 $aMacroeconomics 606 $aInternational finance 606 $aBanking$3https://scigraph.springernature.com/ontologies/product-market-codes/626010 606 $aMacroeconomics/Monetary Economics//Financial Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W32000 606 $aInternational Finance$3https://scigraph.springernature.com/ontologies/product-market-codes/624000 615 0$aBanks and banking. 615 0$aMacroeconomics. 615 0$aInternational finance. 615 14$aBanking. 615 24$aMacroeconomics/Monetary Economics//Financial Economics. 615 24$aInternational Finance. 676 $a341.7511 676 $a332.178 700 $aGórka$b Jakub$4aut$4http://id.loc.gov/vocabulary/relators/aut$01062819 906 $aBOOK 912 $a9910299636503321 996 $aInterchange Fee Economics$92528657 997 $aUNINA