December 8, 2009

Symposium on the Law and Economics of Credit Cards

icle

For the uninitiated, the interchange fee is the fee charged (usually) by the credit card issuing bank (the cardholder’s bank) to the credit card acquiring bank (the merchant’s bank) to…

Financial Regulation

December 8, 2009

The Myth of Consumer Protection Through Disclosure

Omri Ben-Shahar

Omri Ben-Shahar is the Frank and Bernice J. Greenberg Professor of Law at the University of Chicago. I will focus my blog post on one of the proposals for reducing interchange…

December 8, 2009

Regulating Interchange Fees will Promote Term Repricing that will be Harmful to Consumers and Competition

Todd Zywicki

Todd J. Zywicki is Foundation Professor of Law at George Mason University School of Law. Although the mechanisms vary, legislation pending before Congress on interchange has a basic central purpose—to reduce…

December 8, 2009

What happened in Australia?

Joshua Gans

Joshua Gans is the foundation Professor of Management (Information Economics) at the Melbourne Business School, University of Melbourne. What happens when you take a key price in an industry and cut…

December 8, 2009

The Economics of Payment Cards: Six Lessons from the Literature

Bob Chakravorti

Joshua Gans is the foundation Professor of Management (Information Economics) at the Melbourne Business School, University of Melbourne. What happens when you take a key price in an industry and cut…

December 8, 2009

Interchange Fees Are Not Rising: Correcting the GAO Report

Tom Brown

Thomas Brown is a partner in O’Melveny and Myers’ San Francisco office.  Timothy J. Muris is Foundation Professor of Law at George Mason University School of Law and Of Counsel in O’Melveny &…

December 8, 2009

Seven Truths About Regulating Interchange

Robert Stillman

Robert Stillman is a Vice President in the European Competition Practice of Charles River Associates Interchange fees on payment cards are obviously a hot topic in the United States, but also…

December 8, 2009

Moving the Ball Forward: Macroeconomic Considerations

Robert Mann

Ronald J. Mann is Professor of Law at Columbia University Law School. What is most surprising about the GAO report is how little the analytical discussion of this subject has advanced…

December 7, 2009

Reminder: The Law and Economics of Interchange Fees and Credit Cards Symposium Starts Tuesday

Geoffrey A. Manne

Just a reminder that our blog symposium begins tomorrow,  Tuesday, December 8. The Law and Economics of Interchange Fees and Credit Card Markets For the uninitiated, the interchange fee is…