| Imprint: |
Bellaterra Departament Economia Aplicada 2020 |
| Description: |
35 pag. |
| Abstract: |
The present paper examines how changes in the interchange fee affect retail prices. The interchange fee is a payment from the merchant's bank (called the acquirer) to the cardholder's bank (called the issuer) per card transaction. This is a fundamental feethat affects the card payment usage by a cardholder and the card acceptance by a merchant. By considering the two sidedness nature of this market, the paper investigates the short-and long-run relationships between the interchange fee and retail prices in Spain from the first quarter of 2008 to the fourth quarter of 2019. The paper finds that in the long-run, retail prices decrease as a result of declining interchange fee as had been expected by regulatory authorities. |
| Note: |
This collection includes a selection of research by students of the PhD Program in Applied Economics (UAB) and the Master of Applied Research in Economics and Business (MAREB) - specialization in Applied Economics. |
| Rights: |
Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, i la comunicació pública de l'obra, sempre que no sigui amb finalitats comercials, i sempre que es reconegui l'autoria de l'obra original. No es permet la creació d'obres derivades.  |
| Language: |
Anglès |
| Series: |
Working papers GEAR ; 2020-07 |
| Document: |
Working paper |
| Subject: |
Interchange fee regulation ;
Payment card ;
Retail prices ;
Two-sided market |
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