Download or read book Competition and Innovation in the Credit Card Industry at the Consumer and Network Level written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Financial Institutions and published by . This book was released on 2001 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Competition and Innovation in the Credit Card Industry at the Consumer and Network Level written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Financial Institutions and published by . This book was released on 2001 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book 106 2 Hearing Competition and Innovation in The Credit Card Industry at The Consumer and Network Level S Hrg 106 1020 May 25 2000 written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2001* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Competition and Innovation in the Credit Card Industry at the Consumer and Network Level written by and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Competition and Innovation in the Credit Card Industry at the Consumer and Network Level written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Financial Institutions and published by . This book was released on 2001 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Competition and Innovation in the Consumer E Payments Market Considering the Demand Supply and Public Policy Issues written by Brian Mantel and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Significant debate has occurred over the last several decades regarding whether there is adequate competition and innovation in the non-recurring consumer payments segment of the banking industry. For instance, the Department of Justice and some retailers have sued Visa and MasterCard for limiting competition and innovation. There has also been a host of high profile product "failures" in the consumer e-payment market place (e.g., e-cash and smart card products). Meanwhile, some researchers have suggested that consumers are irrational and unresponsive to marketplace incentives (for instance, see Ausubel (1991)). Despite anecdotal reports which imply to some that "there's something wrong" in this market, we find evidence that there is increasing competition, strong innovation, and customers who respond to market stimuli in the non-recurring consumer payments market. The paper discusses three areas: (1) demand and supply-side factors influencing change, (2) a framework for evaluating and predicting innovation and substitution in this market, and (3) the implications of changing technology, governance, business practice, and the formation of "multi-purpose networks" in electronic payment networks on competition policy. First, this paper provides strong support for Hirschman (1982)'s "bundle of attributes (consumer rationality)" theory. It also provides strong evidence that there are important supply-side phenomena such as differences amongst community and national banks and the importance of market-size which influence market incentives. Second, the paper proposes the beginning of a model of substitution and innovation, which helps not only to explain but also predict where innovations might or might not occur. It also helps to explain which types of firms might have an advantage in pioneering these innovations, and why. The article goes on to apply this model, discussing changes in consumers' propensity to use credit cards, debit cards, electronic benefits transfer cards, e-cash, stored value, and smart cards. Third, drawing on well known academic literature, this paper argues that efforts by the public sector to influence the practices of incumbents might actually adversely impact innovation by reducing the expected pay-outs that are currently motivating significant investment in innovation by non-traditional providers. In this vein, the paper analyzes several consumer e-payment infrastructures currently in place - some owned by banks, some owned by independent third parties and provided to banks, and some owned by non-banks - which provide a platform for innovation by both financial institutions and non-traditional providers. The presence and viability of these alternative payment platforms are making these markets increasingly competitive and contestable, at least at the margins. We assert that, at a minimum, the ongoing formation of what we call "product-independent payment networks" currently underway, as documented by this study, may require anti-trust authorities to reconsider how they define the relevant market for evaluating competition policy objectives.
Download or read book Anarchy and the Law written by Edward P. Stringham and published by Routledge. This book was released on 2017-07-05 with total page 718 pages. Available in PDF, EPUB and Kindle. Book excerpt: Private-property anarchism, also known as anarchist libertarianism, individualist anarchism, and anarcho-capitalism, is a political philosophy and set of economic and legal arguments that maintains that, just as the markets and private institutions of civil society provide food, shelter, and other human needs, markets and contracts should provide law and that the rule of law itself can only be understood as a private institution.To the libertarian, the state and its police powers are not benign societal forces, but a system of conquest, authoritarianism, and occupation. But whereas limited government libertarians argue in favor of political constraints, anarchist libertarians argue that, to check government against abuse, the state itself must be replaced by a social order of self-government based on contracts. Indeed, contemporary history has shown that limited government is untenable, as it is inherently unstable and prone to corruption, being dependent on the interest-group politics of the state's current leadership. Anarchy and the Law presents the most important essays explaining, debating, and examining historical examples of stateless orders.Section I, "Theory of Private Property Anarchism," presents articles that criticize arguments for government law enforcement and discuss how the private sector can provide law. In Section II, "Debate," limited government libertarians argue with anarchist libertarians about the morality and viability of private-sector law enforcement. Section III, "History of Anarchist Thought," contains a sampling of both classic anarchist works and modern studies of the history of anarchist thought and societies. Section IV, "Historical Case Studies of Non-Government Law Enforcement," shows that the idea that markets can function without state coercion is an entirely viable concept. Anarchy and the Law is a comprehensive reader on anarchist libertarian thought that will be welcomed by students of govern
Download or read book Electronic Value Exchange written by David L. Stearns and published by Springer Science & Business Media. This book was released on 2011-01-04 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electronic Value Exchange examines in detail the transformation of the VISA electronic payment system from a collection of non-integrated, localized, paper-based bank credit card programs into the cooperative, global, electronic value exchange network it is today. Topics and features: provides a history of the VISA system from the mid-1960s to the early 1980s; presents a historical narrative based on research gathered from personal documents and interviews with key actors; investigates, for the first time, both the technological and social infrastructures necessary for the VISA system to operate; supplies a detailed case study, highlighting the mutual shaping of technology and social relations, and the influence that earlier information processing practices have on the way firms adopt computers and telecommunications; examines how “gateways” in transactional networks can reinforce or undermine established social boundaries, and reviews the establishment of trust in new payment devices.
Download or read book Legislative Calendar written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Report of the President Transmitted to the Congress written by United States. President and published by . This book was released on 1999 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reports for 2002- include: The Annual report of the Council of Economic Advisers.
Download or read book Economic Report of the President Transmitted to the Congress written by and published by Bernan Press(PA). This book was released on 1999 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reports for 1984- include: The annual report of the Council of Economic Advisers.
Download or read book Competition and Innovation in the Credit Industry at the Consumer Hearing S Hrg 106 1020 Committee on Banking Housing Urban a written by and published by . This book was released on 2002* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Dynamic Competition and Public Policy written by Jerome Ellig and published by Cambridge University Press. This book was released on 2001-04-23 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scholars explore antitrust issues as these relate to dynamic industry competition and public policy.
Download or read book Rutgers Law Journal written by and published by . This book was released on 2003 with total page 808 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Congressional Record written by United States. Congress and published by . This book was released on 2012 with total page 1544 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monthly Catalog of United States Government Publications written by and published by . This book was released on 2001-07 with total page 836 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Interfaces written by and published by . This book was released on 2003 with total page 676 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seeks to improve communication between managers and professionals in OR/MS.
