Article

Must Take Cards: Merchant Discounts and Avoided Costs

Jean-Charles Rochet, and Jean Tirole

Keywords

Card payment systems; interchange fee; internalization; multi-homing; avoided cost; tourist test;

Replaces

Jean-Charles Rochet, and Jean Tirole, Must-Take Cards: Merchant Discounts and Avoided Costs, IDEI Working Paper, n. 496, November 2008.

Reference

Jean-Charles Rochet, and Jean Tirole, Must Take Cards: Merchant Discounts and Avoided Costs, Journal of the European Economic Association, vol. 9, n. 3, June 2011, pp. 462–495.

See also

Published in

Journal of the European Economic Association, vol. 9, n. 3, June 2011, pp. 462–495