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....

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Li, Bin Grace
مؤلفون آخرون: McAndrews, James, Wang, Zhu
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2019.
سلاسل:IMF Working Papers; Working Paper ; No. 2019/057
الوصول للمادة أونلاين:Full text available on IMF