Card rewards: is there a 'Reverse-Robin-Hood-Effect'?

The main argument against interchange fees has always been that they are an anticompetitive instrument to raise the costs of card acceptance. In turn, high costs of card acceptance would lead to high retail prices harming consumers. Schuh, Scott, Oz Shy, and Joanna Stavins (2010) have added a new di...

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Veröffentlicht in:	Banking & Financial Services Policy Report 2015-03, Vol.34 (3), p.20
1. Verfasser:	Krueger, Malte
Format:	Artikel
Sprache:	eng
Schlagworte:	Consumers Costs Costs (Law) Credit card industry Customers High income Households Interchange rates Low income groups Loyalty programs Prices Pricing policies Product acceptance Product differentiation Studies Subsidies Surcharges Willingness to pay
Online-Zugang:	Volltext
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