Using three years of transactions data from a discount retailer with thousands of stores, we
study payment variation along three dimensions: transaction size and location; weekly and …

Recent studies find that cash remains the dominant payment choice for small‐value
transactions despite the prevalence of alternative payment methods such as debit and credit …

This paper evaluates caps on the commissions that food delivery platforms (eg, DoorDash)
charge to restaurants. Commission caps benefit restaurants that partner with platforms, all …

Recent years have witnessed the advances of e-money systems such as Bitcoin, PayPal
and various forms of stored-value cards. This paper adopts a mechanism design approach …

In the presence of naive consumers, a participation distortion arises in competitive markets
because the additional profits from naive consumers lead competitive firms to lower …

Following the implementation of the European Commission's Multilateral Interchange Fee
Regulation in 2015, interchange fees in the European card payments market recorded their …

As a major electronic alternative to cash, central banks and state administrations often
support the development of card payments with regulatory and public policy steps. Hungary …

This paper studies intended and unintended consequences of price cap regulation in the
two-sided payment card market. The recent US debit card regulation was intended to lower …

Abstract The Durbin Amendment to the Dodd-Frank Act introduced a regulation on debit
card interchange fees, which went into effect in October 2011. Based on a merchant survey …

In this paper we empirically address the issue of whether reductions in card payment
interchange fees have a significant impact on prices paid by consumers. The answer to this …