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  • The Economics of Credit Cards

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    GlobalEcon
    774 vues94 pages
    Dr. Todd Zywicki, Director at Global Economics Group, clarifies the underlying economics of credit cards and credit card use. In “The Economics of Credit Cards” (Chapman Law Review, Vol. 3:79), Dr. Zywicki demonstrates that the credit card market is almost certainly competitive, and shows that both consumers and issuers have responded rationally to a powerful financial innovation. He also shows that consumer demand, not issuers’ collective market power, drives the competitive process.

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    Dr. Todd Zywicki, Director at Global Economics Group, clarifies the underlying economics of credit cards and credit card use. In “The Economics of Credit Cards” (Chapman Law Review, Vol. 3:79), Dr. Zywicki demonstrates that the credit card market is almost certainly competitive, and shows that both consumers and issuers have responded rationally to a powerful financial innovation. He also shows that consumer demand, not issuers’ collective market power, drives the competitive process.

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    774 vues94 pages

    The Economics of Credit Cards

    Transféré par

    GlobalEcon
    Dr. Todd Zywicki, Director at Global Economics Group, clarifies the underlying economics of credit cards and credit card use. In “The Economics of Credit Cards” (Chapman Law Review, Vol. 3:79), Dr. Zywicki demonstrates that the credit card market is almost certainly competitive, and shows that both consumers and issuers have responded rationally to a powerful financial innovation. He also shows that consumer demand, not issuers’ collective market power, drives the competitive process.

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
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