Search Results for "who-gains-and-who-loses-from-credit-card-payments"

Who Gains and Who Loses from Credit Card Payments?

Who Gains and Who Loses from Credit Card Payments?

Theory and Calibrations

  • Author: Scott Schuh
  • Publisher: DIANE Publishing
  • ISBN: 1437937012
  • Category:
  • Page: 56
  • View: 3873
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Merchant fees and reward programs generate an implicit monetary transfer to credit card users from non-card (or ¿cash¿) users because merchants generally do not set differential prices for card users to recoup the costs of fees and rewards. On average, each cash-using household pays $151 to card-using households and each card-using household receives $1,482 from cash users every year. The payment instrument transfer also induces a regressive transfer from low-income to high-income households in general. The authors build and calibrate a model of consumer payment choice to compute the effects of merchant fees and card rewards on consumer welfare. Reducing merchant fees and card rewards would likely increase consumer welfare.

The Oxford Handbook of the Digital Economy

The Oxford Handbook of the Digital Economy

  • Author: Martin Peitz,Joel Waldfogel
  • Publisher: Oxford University Press
  • ISBN: 0199978638
  • Category: Business & Economics
  • Page: 624
  • View: 2690
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The economic analysis of the digital economy has been a rapidly developing research area for more than a decade. Through authoritative examination by leading scholars, this handbook takes a closer look at particular industries, business practices, and policy issues associated with the digital industry. The volume offers an up-to-date account of key topics, discusses open questions, and provides guidance for future research. It offers a blend of theoretical and empirical works that are central to understanding the digital economy. The chapters are presented in four sections, corresponding with four broad themes: 1) infrastructure, standards, and platforms; 2) the transformation of selling, encompassing both the transformation of traditional selling and new, widespread application of tools such as auctions; 3) user-generated content; and 4) threats in the new digital environment. The first section covers infrastructure, standards, and various platform industries that rely heavily on recent developments in electronic data storage and transmission, including software, video games, payment systems, mobile telecommunications, and B2B commerce. The second section takes account of the reduced costs of online retailing that threatens offline retailers, widespread availability of information as it affects pricing and advertising, digital technology as it allows the widespread employment of novel price and non-price strategies (bundling, price discrimination), and auctions. The third section addresses the emergent phenomenon of user-generated content on the Internet, including the functioning of social networks and open source. The fourth section discusses threats arising from digitization and the Internet, namely digital piracy, privacy, and security concerns.

Analyzing the Economics of Financial Market Infrastructures

Analyzing the Economics of Financial Market Infrastructures

  • Author: Diehl, Martin
  • Publisher: IGI Global
  • ISBN: 1466687460
  • Category: Business & Economics
  • Page: 411
  • View: 2378
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The prosperity and stability of any economic structure is reliant upon a foundation of secure systems that regulate the movement of money across the globe. These structures have become an integral part of contemporary society by reducing monetary risk and increasing financial security. Analyzing the Economics of Financial Market Infrastructures is a pivotal reference source for the latest scholarly research on the current developments in financial systems and how these processes are evolving due to new regulations and technical advances. Featuring extensive coverage on a range of relevant topics on payment systems, central securities depositories, central counterparties, and trade repositories, this book is an essential reference source for professionals in the financial sector, analysts, IT professionals, and academicians concerned with emerging research on financial markets. This book features timely, research-based chapters on a variety of crucial topics including, but not limited to, payment timing, multi-layer networks, transaction simulations, payment system analysis, and regulation of financial marketplaces.

Who Gets What - And Why: The Hidden World of Matchmaking and Market Design

Who Gets What - And Why: The Hidden World of Matchmaking and Market Design

  • Author: Alvin Roth
  • Publisher: HarperCollins UK
  • ISBN: 0007520794
  • Category: Business & Economics
  • Page: 272
  • View: 8065
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How our lives are shaped not only by the choices we make, but by the choices we have.

Understanding the Federal Reserve's Proposed Rule on Interchange Fees

Understanding the Federal Reserve's Proposed Rule on Interchange Fees

Implications and Consequences of the Durbin Amendment : Hearing Before the Subcommittee on Financial Institutions and Consumer Credit of the Committee on Financial Services, U.S. House of Representatives, One Hundred Twelfth Congress, First Session, February 17, 2011

  • Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit
  • Publisher: N.A
  • ISBN: N.A
  • Category: Debit cards
  • Page: 368
  • View: 1463
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Do signal providers on social trading platforms exhibit behavioral biases?

Do signal providers on social trading platforms exhibit behavioral biases?

An empirical examination of the disposition effect

  • Author: Christian Kreutzer
  • Publisher: GRIN Verlag
  • ISBN: 3346011569
  • Category: Business & Economics
  • Page: 69
  • View: 5259
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Master's Thesis from the year 2018 in the subject Economics - Finance, grade: 1,7, University of Marburg (Accounting & Finance), language: English, abstract: This work examines the effect of transparency on the trading behaviour in the context of social trading. The focus lies on the effect of transparency on the behavioural bias known as the disposition effect. The disposition effect indicates that trader tend to hold their losing stocks for a too long amount of time and sell their profitable stocks too soon. Additionally, the effect of transparency on the home bias will be analysed. The home bias is the trader’s preference for domestic stocks at the expense of portfolio diversification. The underlying question is: "Can transparency mitigate the extent of the disposition effect and home bias?" In the past, there has been a wide extent of competing theories about which factors influence these biases. However, a factor which has not been in the center of attention is transparency; in other words a permanent visible statistic about the trader’s performance, trades, positions and their success. The results of this paper may help to draw comparisons to the field of traditional fund managers. To begin with, this work will start by providing information about the status quo of the disposition effect and the home bias. This will show why it is important to look at transparency. Next, the idea behind social trading will be explained and the platform Wikifolio will be introduced. The empirical part will be divided into two segments. The first segment will cover the disposition effect. It will start with the underlying hypothesis, followed by the data sampling and empirical results. The segment about the empirical results will contain two panel data regressions that will analyse the trader’s holding time of losing and gaining positions separately. The second segment will cover the hypothesis, data and empirical results of the home bias.

Standard & Poor's Creditweek

Standard & Poor's Creditweek

  • Author: N.A
  • Publisher: N.A
  • ISBN: N.A
  • Category: Investments
  • Page: N.A
  • View: 4525
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Consumers Index to Product Evaluations and Information Sources

Consumers Index to Product Evaluations and Information Sources

  • Author: N.A
  • Publisher: N.A
  • ISBN: N.A
  • Category: Commercial products
  • Page: N.A
  • View: 8157
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National Petroleum News

National Petroleum News

  • Author: N.A
  • Publisher: N.A
  • ISBN: N.A
  • Category: Petroleum
  • Page: N.A
  • View: 8362
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Vols. for 1958- include an annual Factbook issue.