Entry of non-financial firm and competition in the retail payments market ∗

  • Jooyong Jun
  • Published 2015
We investigate the effects of non-financial firms’ entry on the competition in retail payments market from the perspectives of duopoly between an incumbent and an entrant with potential vertical restraints. Considering the cross-platform externality in payments processing, differentiated preference for payment platforms, and competitive bottleneck on the… (More)