Effects of price competition in the credit card industry

Economics Letters

Volumn 57, Issue 1, 1997, Pages 79-85

  Park, Sangkyun ^a  

^a FEDERAL RESERVE BANK OF NEW YORK   (United States)

Author keywords

Consumer rationality; Credit cards; D40; G20; Imperfect competition

Indexed keywords

EID: 0031287138     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/s0165-1765(97)81883-6     Document Type: Article

References (6)

1. Ausubel L.M. The failure of competition in the credit card market. American Economic Review. 81:1991;50-81.
2. Ausubel, L. M., 1995. The Credit Card Market, Revisited. University of Maryland, College Park, MD.
3. Brito D.L., Hartley P.R. Consumer rationality and credit cards. Journal of Political Economy. 103:1995;400-433.
4. Calem P.S., Mester L.J. Consumer behavior and the stickiness of credit card interest rates. American Economic Review. 85:1995;1327-1336.
5. Mester L.J. Why are credit card rates sticky? Economic Theory. 4:1994;505-530.
6. Park, S., 1993. The credit card industry: profitability and efficiency. In: Studies on Excess Capacity in the Financial Sector. Federal Reserve Bank, New York, NY, pp. 121-153.