Download or read book Two Sided Market R D and Payments System Evolution written by Bin Grace Li and published by International Monetary Fund. This book was released on 2019-03-18 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. We calibrate the model to the U.S. payment card data, and conduct welfare and policy analysis. Our analysis shows that the market power of electronic payment networks plays important roles in explaining the slow adoption and asymmetric price changes, and the welfare impact of regulations may vary significantly through the endogenous R&D channel.
Download or read book Retail Payment Systems written by Marianne Verdier and published by . This book was released on 2006 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some retail payment systems can be modelled as two-sided markets, where a payment system facilitates money exchanges between consumers on one side and merchants on the other side. The system sets rules and standards, to ensure usage and acceptance of its payment instruments by consumers and merchants respectively.Some retail payment systems exhibit indirect network externalities, which is one of the main criteria used to define two-sided markets. As more consumers use the payment platform, more merchants are induced to be affiliated with it. Conversely the value of holding payment instruments increases with the number of merchants accepting them. The theory of two-sided markets contributes to a better understanding of these retail payment systems, by showing that an asymmetric allocation of costs is needed to maximise the volume of transactions. It also starts to bring results that could explain competition between payment platforms. However, this theory entails some limits to understand thoroughly retail payment systems. First, we show that some retail payment systems, such as the credit transfer or the direct debit systems, do not necessarily meet the assumptions needed to be defined as two-sided markets. Besides, this theory does not take into account specific features of the payment industry, such as risk management or fraud prevention. This leads us to propose new research directions.
Download or read book The Evolution of Central Banking Theory and History written by Stefano Ugolini and published by Springer. This book was released on 2017-11-20 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first complete survey of the evolution of monetary institutions and practices in Western countries from the Middle Ages to today. It radically rethinks previous attempts at a history of monetary institutions by avoiding institutional approach and shifting the focus away from the Anglo-American experience. Previous histories have been hamstrung by the linear, teleological assessment of the evolution of central banks. Free from such assumptions, Ugolini’s work offers bankers and policymakers valuable and profound insights into their institutions. Using a functional approach, Ugolini charts an historical trajectory longer and broader than any other attempted on the subject. Moving away from the Anglo-American perspective, the book allows for a richer (and less biased) analysis of long-term trends. The book is ideal for researchers looking to better understand the evolution of the institutions that underlie the global economy.
Download or read book Handbook of Research on the Platform Economy and the Evolution of E Commerce written by Ertz, Myriam and published by IGI Global. This book was released on 2021-10-15 with total page 554 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the past two decades, research on electronic commerce and platforms has thrived. Tremendous academic research has been conducted on this specific concept. Over the last decade, with the rise of applications and mobile technology, that stream of research has extended to the collaborative economy, more colloquially known as the sharing economy. The commonality between e-commerce and collaborative consumption being that they both occur online and rely predominantly on platforms. The Handbook of Research on the Platform Economy and the Evolution of E-Commerce is a comprehensive reference book offering a holistic perspective of the platform economy by connecting the e-commerce and collaborative economy streams into a common framework. As such, this integrated perspective offers a clearer understanding of the key trends in research and in managerial action, as well as an agenda for future studies and practice. This handbook emphasizes how the digital transition will create an increased merging between physical and digital activities, as well as the challenges and opportunities pertaining to this trend. Covering topics including sharing economy, Marketing 4.0, and digital applications, this book is essential for marketers, managers, executives, students, researchers, and academicians.
Download or read book ICE BEES 2021 written by Kemal Budi Mulyono and published by European Alliance for Innovation. This book was released on 2022-03-17 with total page 1057 pages. Available in PDF, EPUB and Kindle. Book excerpt: We proudly present the proceedings of 4th International Conference on Economics, Business and Economic Education Science 2021 (ICE-BEES 2021). It has focus on the innovations in economics, business, education, environment, and sustainable development. The issue of economics and sustainable development is important today. Especially in the time of Covid-19. Not only globally, but also Indonesia nationally to the local level. There are several important issues relating to this, both institutionally and the relationships between individuals and groups in supporting the agenda of sustainable development. More than 200 manuscripts were presented at this conference with 101 of them selected to be published in proceedings. We hope by this conference, discussions on the importance of sustainable development will increasingly become an important concern together. Brings better response from the government and social relations for development.
Download or read book Platform Competition in Two sided Markets written by Sujit Chakravorti and published by . This book was released on 2004 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook of Industrial Organization written by Richard Schmalensee and published by North Holland. This book was released on 1989-09-11 with total page 1002 pages. Available in PDF, EPUB and Kindle. Book excerpt: Determinants of firm and market organization; Analysis of market behavior; Empirical methods and results; International issues and comparision; government intervention in the Marketplace.
Download or read book Platforms Compete Under Payment Systems that are Interoperable Or Not written by Qingqi Long and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Platforms exploit consumers' strong personal preferences for a particular payment system to set payment restrictions and discriminatory strategies resulting in unfair competition. This harms users' rights, imposes additional costs on users, and hinders the healthy development of the platform service supply chain. Fortunately, governments are aware of the need to initiate the interoperability of payment systems. Following this trend, this study innovatively considers consumer adoption level of payment within platforms, payment misfit cost and payment network effect to build four scenarios for Hotelling models, by combining attributes of users' multi-homing choice and payment interoperability. A sensitivity analysis and numerical simulations are conducted, with further validation achieved by an extended model of two-sided markets and several important findings are obtained. Before payment interoperability, an increase in the payment misfit coefficient increases the profits of both platforms in the single-homing market mode; however, it decreases the profitability of the superior platform in the multi-homing. An increase in the coefficient of same-side payment network effect is detrimental to both platforms in the single-homing but benefits the superior platform in the multi-homing. In any case, platforms will gain more profits due to the increased consumer adoption level of payment. After interoperability, because there are no payment differences or consumer preferences, consumers do not have to bear extra costs and platform profit levels decrease. Moreover, the increase in the coefficient of the same-side payment network effect will reduce the profits of both platforms. In addition, the analysis of two-sided markets in extension reconfirms that interoperability helps to reduce prices, increase consumer activity, and eliminate the excess monopoly profits of platforms due to payment restrictions. A surprising discovery is that the traditional two-sided market findings are reversed by payment adoption level. In competitive bottleneck, the single-homing side is not always subsidized, rather some of these users are even charged high prices, and the multi-homing side is not always at a disadvantage.
Download or read book Paying with Plastic second edition written by David S. Evans and published by MIT Press. This book was released on 2004-12-17 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive account of the trillion-dollar payment card industry. The payment card business has evolved from its inception in the 1950s as a way to handle payment for expense-account lunches (the Diners Club card) into today's complex, sprawling industry that drives trillions of dollars in transaction volume each year. Paying with Plastic is the definitive source on an industry that has revolutionized the way we borrow and spend. More than a history book, Paying with Plastic delivers an entertaining discussion of the impact of an industry that epitomizes the notion of two-sided markets: those in which two or more customer groups receive value only if all sides are actively engaged. New to this second edition, the two-sided market discussion provides useful insight into the implications of these market dynamics for cardholder rewards, merchant interchange fees, and card acceptance. The authors, both of whom have researched the industry for more than 25 years, also examine the implications of the recent antitrust cases on the industry as well as other business and technological changes—including the massive consolidation brought about by bank mergers, the rise of the debit card, and the emergence of e-commerce—that could alter the payment card industry dramatically in the years to come.
Download or read book Invisible Engines written by David S. Evans and published by MIT Press. This book was released on 2008-02-15 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: Harnessing the power of software platforms: what executives and entrepreneurs must know about how to use this technology to transform industries and how to develop the strategies that will create value and drive profits. Software platforms are the invisible engines that have created, touched, or transformed nearly every major industry for the past quarter century. They power everything from mobile phones and automobile navigation systems to search engines and web portals. They have been the source of enormous value to consumers and helped some entrepreneurs build great fortunes. And they are likely to drive change that will dwarf the business and technology revolution we have seen to this point. Invisible Engines examines the business dynamics and strategies used by firms that recognize the transformative power unleashed by this new revolution—a revolution that will change both new and old industries. The authors argue that in order to understand the successes of software platforms, we must first understand their role as a technological meeting ground where application developers and end users converge. Apple, Microsoft, and Google, for example, charge developers little or nothing for using their platforms and make most of their money from end users; Sony PlayStation and other game consoles, by contrast, subsidize users and make more money from developers, who pay royalties for access to the code they need to write games. More applications attract more users, and more users attract more applications. And more applications and more users lead to more profits. Invisible Engines explores this story through the lens of the companies that have mastered this platform-balancing act. It offers detailed studies of the personal computer, video game console, personal digital assistant, smart mobile phone, and digital media software platform industries, focusing on the business decisions made by industry players to drive profits and stay a step ahead of the competition. Shorter discussions of Internet-based software platforms provide an important glimpse into a future in which the way we buy, pay, watch, listen, learn, and communicate will change forever. An electronic version of this book is available under a Creative Commons license.
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 Proceedings of IAC MEM 2015 in Vienna written by group of authors and published by Czech Institute of Academic Education z.s.. This book was released on 2015-11-09 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proceedings - International Academic Conference on Management, Economics and Marketing in Vienna 2015
Download or read book Proceedings of the Business Innovation and Engineering Conference BIEC 2022 written by Siti Jahroh and published by Springer Nature. This book was released on 2023-05-12 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access book. Business Innovation and Engineering Conference 2022 brings together contributions from students and scientists dealing with different aspects of business innovation and management, and we believe that there is also an equal number of promising study projects and prospectus results. The conference will be held at School of Business, IPB University, Bogor, Indonesia at August 11-12, 2022. This conference is held with the goals of: 1. Exchanging information on recent research issues related to business innovation, and engineering in Southeast Asia and the world in general; 2. Expanding international cooperation network; 3. Generating internationally reputable and nationally accredited publications; and 4. Initiating Business Innovation and Engineering (BIEC) as a communication forum related to business innovation, and engineering in Southeast Asia.
Download or read book The Evolution of Cooperation written by Robert Axelrod and published by Basic Books. This book was released on 2009-04-29 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: A famed political scientist's classic argument for a more cooperative world We assume that, in a world ruled by natural selection, selfishness pays. So why cooperate? In The Evolution of Cooperation, political scientist Robert Axelrod seeks to answer this question. In 1980, he organized the famed Computer Prisoners Dilemma Tournament, which sought to find the optimal strategy for survival in a particular game. Over and over, the simplest strategy, a cooperative program called Tit for Tat, shut out the competition. In other words, cooperation, not unfettered competition, turns out to be our best chance for survival. A vital book for leaders and decision makers, The Evolution of Cooperation reveals how cooperative principles help us think better about everything from military strategy, to political elections, to family dynamics.
Download or read book Emerging Perspectives on the Mobile Content Evolution written by Aguado, Juan Miguel and published by IGI Global. This book was released on 2015-09-21 with total page 467 pages. Available in PDF, EPUB and Kindle. Book excerpt: In less than a decade, mobile technology has revolutionized our cultures, societies, and economies by impacting both personal and professional aspects of human life. Mobile technology has therefore become the fastest diffusing technology in history, expanding and transforming existent possibilities by making technology accessible and ubiquitous. Emerging Perspectives on the Mobile Content Evolution seeks a better understanding of the centrality of mobile content in the recent and coming evolution of both the ICT ecosystem and the media industry. This publication appeals to a broad audience within the interdisciplinary field of media studies, covering topic areas such as journalism, marketing and advertising, broadcasting, information management, media management, media economics, media- and technology-related public policies, media sociology, audience/consumption studies, and arts. This publication presents a multi-disciplinary discussion through a collection of academic chapters covering topics such as mobile communications and entrepreneurship, reflection on wearables and innovation, personal and mobile healthcare, mobile journalism and innovation, and behavioral targeting in the mobile ecosystem.
Download or read book Developing Strategic Business Models and Competitive Advantage in the Digital Sector written by Daidj, Nabyla and published by IGI Global. This book was released on 2014-09-30 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rapid technological advancements have the ability to positively or negatively impact corporate growth and success. Professional leaders and decision makers must consider such advancements when designing and implementing new policies in preparation for the sustainable future of the business environment. Developing Strategic Business Models and Competitive Advantage in the Digital Sector focuses on the application of preemptive planning in the media and entertainment industries to combat an increasingly uncertain future of innovation and competition. With research-based examples and analysis, this book is an essential reference source for academicians, researchers, and professionals interested in learning more about the impact of technology on industry success, including the changes and challenges created by the Internet and electronic media.
Download or read book Payments written by Edson Luiz dos Santos and published by Linotipo Digital. This book was released on 2018-09-01 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: "By doing the connection between the starting points of man's commercial behavior with the present day, the author does not show this legacy as the result of research or observation, but of an intense experience, of those who have participated in this theater not as a mere adjunct but as an actor of first magnitude", as says Reginaldo Zero, president and CEO of Fidelity Processadora e Serviços SA. It begins with the interesting history of money from the 7th century BC until it reaches the mobility of today and the digital universe of the future. It tells us in detail this evolution in a way that the reader can understand the complexity of payment activity and establish the connection between past, present and future. By reading this book, readers can understand how the structure of the business chain works and for those interested in knowing how technology has been modifying and accelerating the human need to pay and receive in a highly globalized world. In this way, it is strongly recommended reading to people who, directly or indirectly, are linked to the financial sector, and especially to the payments segment. The book has objective and accessible language and the text flows with lightness, being easy to understand even for those outside academia.
