当前位置: X-MOL 学术The Review of Economics and Statistics › 论文详情
Our official English website, www.x-mol.net, welcomes your feedback! (Note: you will need to create a separate account there.)
Price Negotiation with Merchant Heterogeneity in the Payment Card Industry
The Review of Economics and Statistics ( IF 6.481 ) Pub Date : 2020-10-30 , DOI: 10.1162/rest_a_00986
Chun-Yu Ho 1 , Li Xu 2 , Daiqiang Zhang 1
Affiliation  

We examine price negotiation in the payment card industry by exploiting a unique merchant-, industry-, and city-level dataset. Motivated by the substantial variation in acquirer fees and the heterogeneous merchant card transactions, we use Nash bargaining to model the negotiation over the acquirer fee between an acquirer and a merchant. We find that the merchants secure a larger incremental surplus than the acquirer on average. Moreover, merchants might face upward pressure on acquirer fees as the card penetration rate rises over time, and policies that weaken the acquirer's bargaining power could relieve the upward fee pressure.

中文翻译:

支付卡行业商户异质的价格谈判

我们通过利用独特的商家、行业和城市级数据集来研究支付卡行业的价格谈判。受收单机构费用的巨大变化和不同种类的商户卡交易的推动,我们使用纳什讨价还价来模拟收单机构和商家之间关于收单机构费用的谈判。我们发现商家平均比收单方获得更大的增量盈余。此外,随着卡渗透率的上升,商户可能面临收单机构费用上涨压力,而削弱收单机构议价能力的政策可能会缓解收单机构费用上涨压力。
更新日期:2020-10-30
down
wechat
bug