We analyze platforms in two-sided markets with network externalities, using the specific
context of a payment card association. We study the cooperative determination of the …

We analyze contract choices, loan-repayment behavior, and welfare in a model of a
competitive credit market when borrowers have a taste for immediate gratification …

Consumers routinely enter into long-term contracts with providers of goods and services-
from credit cards, mortgages, cell phones, insurance, TV, and internet services to household …

Individuals and businesses make numerous payments every day. They sometimes have
choices about what forms of payment to make or accept, and at other times are effectively …

This article surveys the recent theoretical literature on payment cards (focusing on debit and
credit cards) and studies this research's possible implications for the current public policy …

This paper presents a model of a card payment system as a two‐sided market that allows for
partial participation by heterogeneous consumers and merchants. Taking into account the …

Utilizing the theory of planned behavior, factors influencing convenience use of credit cards
were investigated. The analysis was prepared using data from 3,476 households in the …

In this article, we construct a model to study competing payment networks, where networks
offer differentiated products in terms of benefits to consumers and merchants. We study …

This paper provides a critical survey of the large and diffuse literature on credit cards, debit
cards and ATMs. We argue that because there are still many outstanding issues and …

Payment cards continue to replace cash and checks in advanced economies. Along with the
growth of payment card transactions has come greater scrutiny by public authorities of …