Interchange Fees: New eBook Adds Substance & Context


Introduction to the new CPI eBook:

Interchange Fees: The Economics and Regulations of What Merchants Pay for Cards, by David S. Evans

This volume consists of seven articles on the economics and regulation of interchange fees. All rely on the multi-sided platform framework. The first two chapters examine whether there is a market failure in setting interchange fees and present principles for considering correction to a market failure. Chapters 3-5 address that tradeoff which is sometimes called a “waterbed effect.” Chapters 4 and 5 estimate the prospect



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