News
Payment Systems
Multi-Sided Platforms
Antitrust Analysis
Alphabetical Listing
Available Downloads
Links
Conferences
CREDIT CARDS

Ausubel, Lawrence M.
"Adverse Selection in the Credit Card Market,"
Department of Economics, University of Maryland, Mimeo, 1999.

Ausubel, Lawrence M.
"The Failure of Competition in the Credit Card Market,"
American Economic Review, 81, 1991, pp. 50-81.

Barron, John M., Michael E. Staten, and John Umbeck.
"Discounts for Cash in Retail Gasoline Marketing,"
Contemporary Policy Issues, 10(4), 1992, pp. 89-102.

Bauer, Paul W. and Diana Hancock.
"Scale Economies and Technological Change in Federal Reserve ACH Payment Processing,"
Federal Reserve Bank of Cleveland Economic Review, 1995, pp. 14-29.

Baxter, William F.
"Bank Interchange of Transactional Paper: Legal and Economic Perspectives,"
Journal of Law and Economics, 26, 1983, pp. 541-88.

Berlin, Mitchell and Loretta J. Mester.
"Credit Card Rates and Consumer Search,"
Review of Financial Economics, 13(1-2), 2004, pp. 179-198.

Board of Governors of the Federal Reserve System.
"Traditional Payments Primer: Credit Payments,"
Washington: Board of Governors of the Federal Reserve System, 1997.

Board of Governors of the Federal Reserve System.
"The Probability of Credit Card Operations of Depository Institutions,"
Washington: Board of Governors of the Federal Reserve System, 1996.

Board of Governors of the Federal Reserve System.
"Credit Cards in the U.S. Economy: Their Impact on Costs, Prices, and Retail Sales,"
Washington: Board of Governors of the Federal Reserve System, 1988.

Bradford, Terry.
"Payment Types at the Point of Sale: Merchant Considerations,"
Federal Reserve Bank of Kansas City, Payment System Research Briefing, December 2004.

Brito, Dagobert L. and Peter R. Hartley.
"Consumer Rationality and Credit Cards,"
Journal of Political Economy, 103(2), April 1995, pp. 400-33.

Calem, Paul S.
"The Strange Behavior of the Credit Card Market,"
Federal Reserve Bank of Philadelphia Business Review, January 1992, pp. 3-14.

Calem, Paul S. and Loretta J. Mester.
"Consumer Behavior and the Stickiness of Credit-Card Interest Rates,"
American Economic Review, 85, 1995, pp. 1327-36.

Calomiris, Charles W. and Joseph R. Mason.
"Credit Card Securitization and Regulatory Arbitrage,"
Journal of Financial Services Research, 26(1), August 2004, pp. 5-27.

Canner, Glenn B. and Charles A. Luckett.
"Developments in the Pricing of Credit Card Services,"
Federal Reserve Bulletin, 78(9), September 1992, pp. 652-66.

Cargill, Thomas F. and Jeanne Wendel.
"Bank Credit Cards: Consumer Irrationality versus Market Forces,"
Journal of Consumer Affairs, 30(2), Winter 1996, pp. 373-89.

Carow, Kenneth A. and Michael E. Staten.
"Debit, Credit, and Cash: Survey Evidence on Gasoline Purchases,"
Journal of Economics and Business, 51(5), 1999, pp. 409-422.

Castronova, Edward and Paul Hagstrom.
"The Demand for Credit Cards: Evidence from the Survey of Consumer Finances"
Economic Inquiry, 42, April 2004, pp. 304-318.

Chakravorti, Sujit.
"Theory of Credit Card Networks: A Survey of the Literature,"
Review of Network Economics, 2(2), June 2003, pp. 50-68.

Chakravorti, Sujit and Roberto Roson.
"Platform Competition in Two-Sided Markets: The Case of Payment Networks,"
Review of Network Economics, 5(1), 2006, pp. 118-142.

Chakravorti, Sujit and A. Shah.
"A Study of the Interrelated Bilateral Transactions in Credit Card Networks,"
Federal Reserve Bank of Chicago, Emerging Payments Occasional Paper EPS-2001-2, 2001.

Chakravorti, Sujit and Ted To.
"A Theory of Credit Cards,"
Federal Reserve Bank of Chicago, Working Paper, 2003.

Chakravorti, Sujit and Ted To.
"A Theory of Merchant Credit Card Acceptance,"
Federal Reserve Bank of Chicago, Working Paper 99-16, 1999.

Chakravorti, Sujit and William R. Emmons.
"Who pays for Credit Cards?"
Federal Reserve Bank of Chicago, Emerging Payments Occasional Paper EPS-2001-1, 2001.

Chakravorti, Sujit and William R. Emmons.
"Are Credit Cards Overused?"
Federal Reserve Bank of Dallas, Mimeo, 1998.

Cohen, Gail
"Credit Cards and Buyer Price Protection,"
Northwestern Center for Mathematical Studies in Economics and Management Science, Discussion Paper 978, January 1992, p. 34.

Combs, Kathryn L. and Stacey L. Schreft.
"Do Consumers Really Want Credit Card Reform?"
Federal Reserve Bank of Kansas City Economic Review, 84, 1999, pp. 31-46.

Davies, Emma and Stephen E. G. Lea.
"Student Attitudes to Student Debt,"
Journal of Economic Psychology, 16(4), December 1995, pp. 663-79.

DellaVigna, Stefano and Ulrike Malmendier.
"Contract Design and Self-Control: Theory and Evidence,"
The Quarterly Journal of Economics, 119(2), May 2004, pp. 353-402.

Dey, Shubhasis and Gene Mumy.
"Determinants of Borrowing Limits on Credit Cards,"
Bank of Canada, Working Paper 2005-7, 2005.

Durkin, Thomas A.
"Credit Cards: Use and Consumer Attitudes, 1970-2000,"
Federal Reserve Bulletin, 86(9), September 2000, pp. 623-34.

Evans, David S. and Richard Schmalensee.
Paying with Plastic: The Digital Revolution in Buying and Borrowing,
Cambridge, MA: MIT Press, 1999.

Evans, David S. and Richard Schmalensee.
The Economics of the Payment Card Industry,
Cambridge, MA: National Economic Research Associates, Inc., 1993.

Gans, Joshua S. and Stephen P. King.
"Approaches to Regulating Interchange Fees in Payment Systems,"
Review of Network Economics, 2(2), June 2003, pp. 125-145.

Gross, David B. and Nicholas S. Souleles.
"Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data,"
Quarterly Journal of Economics, 117(1), February 2002, pp. 149-85.

Gross, David B. and Nicholas S. Souleles.
"Consumer Response to Changes in Credit Supply: Evidence from Credit Card Data,"
Wharton School Center for Financial Institutions, University of Pennsylvania, Working Paper, 2001.

Guthrie, Graeme and Julian Wright.
"Competing Payment Schemes,"
Mimeo, 2003.

Hayashi, Fumiko and Elizabeth Klee.
"Technology Adoption and Consumer Payments: Evidence from Survey Data,"
Review of Network Economics, 2(2), June 2003, pp. 175-190.

Hayhoe, Celia Ray, Lauren Leach, and Pamela R. Turner.
"Discriminating the Number of Credit Cards Held by College Students Using Credit and Money Attitudes,"
Journal of Economic Psychology, 20(6), December 1999, pp. 643-56.

Higgins, Eric J., and Joseph R. Mason.
"What is the Value of Recourse to Asset-Backed Securities? A Clinical Study of Credit Card Banks,"
Journal of Banking and Finance, 28(4), April 2004, pp. 875-899.

Hirschman, Elizabeth C.
"Differences in Consumer Purchase Behavior by Credit Card Payment System,"
Journal of Consumer Research, 6, 1979, pp. 58-66.

Humphrey, David B., Moshe Kim and Bent Vale.
"Realizing the Gains from Electronic Payments: Costs, Pricing, and Payment Choice,"
Journal of Money, Credit and Banking, 33, pp. 216-234, 2001.

Humphrey, David, et al.
"What does it Cost to Make a Payment,"
Review of Network Economics, 2(2), June 2003, pp. 159-174.

Humphrey, David B.
"Replacement of Cash by Cards in US Consumer Payments,"
Journal of Economics and Business, 56(3), May-June 2004, pp. 211-225.

Hunt, Robert M.
"An Introduction to the Economics of Payment Card Networks,"
Review of Network Economics, 2(2), June 2003, pp. 80-96.

Johnson, Robert W.
"Pricing of Bank Card Services,"
Journal of Retail Banking, 1, 1979, pp. 16-22.

Jyrkönen, Hanna and Heli Paunonen.
"Card, Internet and Mobile Payments in Finland,"
Bank of Finland Discussion Papers, 2003.


Kim, Taehyung, Lucia F. Dunn and Gene E. Mumy.
"Bank Competition and Consumer Search over Credit Card Interest Rates,"
Economic Inquiry, 42, April 2005, pp. 344-352.

Kitch, Edmund W.
"The Framing Hypothesis: Is it Supported by Credit Card Issuer Opposition to a Surcharge on a Cash Prices?"
Journal of Law, Economics and Organization, 6, 1990, pp. 217-33.

Laibson, David, Andrea Repetto, and Jeremy Tobacman.
"A Debt Puzzle,"
Harvard University, Working Paper, September 16, 2001.

Lindley, James T., Patricia Rudolph, and Edward B. Selby, Jr.
"Credit Card Possession and Use: Changes over Time,"
Journal of Economics and Business, 41, 1989, pp. 127-42.

Mandel, Lewis.
"The Credit Card Industry: A History,"
Twayne's Evolution of American Business Series: Industries Institutions, and Entrepreneurs, n 4, Boston: Hall, Twayne Publishers, 1990.

Manenti, F. and E. Somma.
"Plastic Clashes: Competition among Closed and Open Systems in the Credit Card Industry,"
Mimeo, 2003.

Mann, Ronald J.
"Credit Cards and Debit Cards in the United States and Japan,"
Monetary and Economic Studies, 20(1), January 2002, pp. 123-59.

Manning, Robert D.
Credit Card Nation,
New York: Basic Books, 2000.

Manning, Robert D.
"Credit Card on Campus: Costs and Consequences of Student Debt,"
Washington, DC: Consumer Federation of America, 1999.

Masters, Adrian and Luis Raul Rodriguez-Reyes.
"Endogenous Credit-Card Acceptance in a Model of Precautionary Demand for Money,"
Oxford Economic Papers, 2004.

Mester, Loretta J.
"Why Are Credit Card Rates Sticky?"
Economic Theory, 4, 1994, pp. 505-30.

Meyercord, Andrea.
"Recent Trends in the Profitability of Credit Card Banks,"
Federal Reserve Bank of New York Quarterly Review, 19, Summer-Fall 1994, pp. 107-11.

Murphy, Michael M. and Mack Ott.
"Retail Credit, Credit Cards and Price Discrimination,"
Southern Economic Journal,43(3), January 1977, pp. 1303-12.

Park, Sangkyun.
"Effects of Price Competition in the Credit Card Industry,"
Economics Letters, 57, 1997, pp. 79-85.

Park, Sangkyun.
"Option Value of Credit Lines as an Explanation of High Credit Card Rates,"
Federal Reserve Bank of New York, Research Paper 9702, 1997.

Park, Sangkyun.
"The Credit Card Industry: Profitability and Efficiency,"
Federal Reserve Bank of New York, Research Paper 9314, 1993.

Rey, Patrick and Jean Tirole.
"Financing and Access in Cooperatives,"
IDEI, University of Toulouse, Mimeo, 2002.

Rochet, Jean-Charles.
"The Consequences of Reducing Interchange Fees,"
IDEI, University of Toulouse, Mimeo, 2006.

Rochet, Jean-Charles.
"The Theory of Interchange Fees: A Synthesis of Recent Contributions,"
Review of Network Economics, 2(2), June 2003, pp. 97-124.

Rochet, Jean-Charles and Jean Tirole.
"An Economic Analysis of the Determination of Interchange Fees in Payment Card Systems,"
Review of Network Economics, 2(2), June 2003, pp. 69-79.

Rochet, Jean-Charles and Jean Tirole.
"Platform Competition in Two-Sided Markets,"
Journal of the European Economic Association, 1(4), June 2003, pp. 990-1029.

Rochet, Jean-Charles and Jean Tirole.
"Must Take Cards and the Tourist Test,"
IDEI, University of Toulouse, Mimeo, 2006.

Rochet, Jean-Charles and Jean Tirole.
"Tying in Two-Sided Markets and the Honour all Cards Rule,"
IDEI, University of Toulouse, Mimeo, 2006.

Rochet, Jean-Charles and Jean Tirole.
"Two-Sided Markets: A Progress Report,"
forthcoming, the RAND Journal of Economics.

Rochet, Jean-Charles and Jean Tirole.
"Competition Policy in Two-Sided Markets, with a Special Emphasis on Payment Cards,"
forthcoming, Handbook on Competition Policy.

Rochet, Jean-Charles and Jean Tirole.
"Cooperation Among Competitors: Some economics of payment card associations,"
RAND Journal of Economics, 33(4), Winter 2002, pp. 549-70.

Rysman, Mark.
"An Empirical Analysis of Payment Card Usage,"
Boston University, Mimeo, 2006.

Scholnick, Barry.
"Regulation, Competition and Risk in the Market for Credit Cards,"
Canadian Public Policy, 26(2), June 2000, pp. 171-81.

Schreft, Stacey L.
"Transactions Costs and the Use of Cash and Credit,"
Economic Theory, 2, 1991, pp. 283-96.

Schwartz, M. and D. Vincent.
"Same Price, Cash or Card: Vertical Control by Payment Networks,"
Georgetown University, Working Paper, 2002.

Shaffer, Sherrill.
"The Competitive Impact of Disclosure Requirements in the Credit Card Industry,"
Journal of Regulatory Economics, 15, 1999, pp. 183-98.

Shaffer, Sherrill.
"Evidence of Monopoly Power Among Credit Card Banks,"
Federal Reserve Bank of Philadelphia, Working Paper 94-16, 1994.

Shui, Haiyan and Lawrence M. Ausubel.
"Consumer Time Inconsistency: Evidence from a Market Experiment in the Credit Card Market,"
Econometric Society, n176, 2004.

Sinkey, Joseph F. and Robert C. Nash.
"On Competition, Risk, and Hidden Assets in the Market for Bank Credit Cards,"
Journal of Finance, 21, 1997, pp. 89-112.

Sinkey, Joseph F. and Robert C. Nash.
"Assessing the Riskiness and Profitability of Credit-Card Banks,"
Journal of Financial Services Research, 7, 1993, pp. 127-50.

Stango, Victor.
"Competition and Pricing in the Credit Card Market,"
Review of Economics and Statistics, 82, 2000, pp. 499-508.

Stango, Victor.
"Pricing with Consumer Switching Costs: Evidence from the Credit Card Market,"
Journal of Industrial Economics, 50, 2002, pp. 475-492.

Stango, Victor.
"Strategic Responses to Regulatory Threat in the Credit Card Market,"
Federal Reserve Bank of Chicago, Working Paper 2002-02, 2002.

Staten, Michael E. and Ken A. Carow.
"Plastic Choices: Consumer Usage of Bank Cards vs. Proprietary Credit Cards,"
Journal of Economics and Finance, 26(2), Summer 2002, pp. 216-232.

Stavins, Joanna.
"Can Demand Elasticities Explain Sticky Credit Card Rates?"
New England Economic Review, July 1996, pp. 43-54.

White, Kenneth J.
"The Effect of Bank Credit Cards on the Household Transactions Demand for Money,"
Journal of Money, Credit and Banking, 8(1), February 1976, pp. 51-61.

Wolters, Timothy.
"Carry Your Credit in Your Pocket: The Early History of the Credit at Bank of America and Chase Manhattan,"
Enterprise and Society, 1, 2000, pp. 315-54.

Wooley, Michael J.
"Imperfect Information, Adverse Selection and Interest Rate Sluggishness in the Pricing of Bank Credit Cards,"
Washington: Board of Governors of the Federal Reserve System, Finance and Economics Discussion Paper Series 37, 1988.

Wright, Julian.
"Pricing in Debit and Credit Card Schemes,"
Economics Letters, 80, 2003, pp. 305-309.

Wright, Julian.
"Optimal Card Payment Systems,"
European Economic Review, 47, 2003, pp. 587-612.

Wright, Julian.
"The Determinants of Optimal Interchange Fees in Payments Systems,"
Journal of Industrial Economics, 52(1), March 2004, pp.1-26.

Yoo, Peter S.
"Still Charging: The Growth of Credit Card Debt Between 1992 and 1995,"
Federal Reserve Bank of St. Louis Review, 80(1), Jan./Feb. 1998, pp. 19-27.

Yoo, Peter S.
"Charging Up a Mountain of Debt: Accounting for the Growth of Credit Card Debt,"
Federal Reserve Bank of St. Louis Review, 79(2), April 1997, pp. 3-13.

Zywicki, Todd J.
"Economics of Credit Cards,"
George Mason University, Law and Economics Working Paper 00-22, 2000.