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Abstract

This article aims to present the concept of two-sided markets on the example ofpayment card systems, which have attracted the attention of regulatory and antitrustauthorities in recent years. First, the paper offers a few insights into the basic economictheory behind two-sided markets. Second, it presents a brief description of paymentcard systems and their features. The following analysis focuses on arguments thatspeak in favour of a regulatory or antitrust intervention into payment card systems.Finally, some of the potential problems that antitrust authorities must face whenassessing two-sided markets are presented on the basis of an assessment of thedecisional practice of the UOKiK President and the European Commission.



Item Type: MPRA Paper -

Original Title: Payment Card Systems as an Example of two-sided Markets - a Challenge for Antitrust Authorities-

Language: English-

Keywords: two-sided markets, antitrust v. regulation, interchangefees, payment card systems-

Subjects: K - Law and Economics > K2 - Regulation and Business Law > K21 - Antitrust Law-





Autor: Tosza, Katarzyna

Fuente: https://mpra.ub.uni-muenchen.de/23822/







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