Two-Sided Market, R and D and Payments System Evolution /
It takes many years for more efficient electronic payments to be widely used, and the fees that merchants (consumers) pay for using those services are increasing (decreasing) over time. We address these puzzles by studying payments system evolution with a dynamic model in a twosided market setting....
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| Autres auteurs: | , |
| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
2019.
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| Collection: | IMF Working Papers; Working Paper ;
No. 2019/057 |
| Accès en ligne: | Full text available on IMF |