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Review of Network Economics

Editor-in-Chief: Grzybowski, Lukasz

Ed. by Briglauer, Wolfgang / Goetz, Georg / Pereira, Pedro

4 Issues per year

IMPACT FACTOR 2016: 0.500
5-year IMPACT FACTOR: 0.595

CiteScore 2016: 0.83

SCImago Journal Rank (SJR) 2015: 0.371
Source Normalized Impact per Paper (SNIP) 2015: 0.719

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Volume 11, Issue 2 (Jun 2012)


Feedback Loop Effects in Payment Card Markets: Empirical Evidence

Santiago Carbó-Valverde / José Manuel Liñares-Zegarra / Francisco Rodríguez-Fernández
Published Online: 2012-06-11 | DOI: https://doi.org/10.1515/1446-9022.1268

While some studies have assumed that mature and well-established platforms do not exhibit feedback loop effects, other recent contributions have suggested that these effects may exist. Using a unique database that provides detailed information on both cardholder and merchant sides of the Spanish payment card market, we find empirical evidence of feedback loop effects. We also offer some evidence on the relative value that consumers (merchants) place on network characteristics such as the degree of merchant acceptance (cardholder adoption) and prices.

This article offers supplementary material which is provided at the end of the article.

Keywords: payment cards; feedback loop; network externalities

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Published Online: 2012-06-11

Citation Information: Review of Network Economics, ISSN (Online) 1446-9022, DOI: https://doi.org/10.1515/1446-9022.1268.

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©2012 Walter de Gruyter GmbH & Co. KG, Berlin/Boston. Copyright Clearance Center

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