The European Commission’s Ruling in MasterCard: A Wise Decision?

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Wilko Bolt, Apr 01, 2008

Payment pricing and competitive efficiency have recently attracted a lot controversy. This has led to some spectacular antitrust litigation in the United States, Australia and now Europe. Ultimately, the central issue concerns whether the specific circumstances of payment markets are such that public policy or antitrust intervention can be expected to improve economic welfare. To date, there is little cons