The impact of ATM surcharges on large versus small banks: Is there a switching effect?

Journal of Business

Volumn 79, Issue 4, 2006, Pages 2099-2125

  Massoud, Nadia ^a   Saunders, Anthony ^b   Scholnick, Barry ^a  

^a UNIVERSITY OF ALBERTA   (Canada)

^b NEW YORK UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 33748551717     PISSN: 00219398     EISSN: None     Source Type: Journal    
DOI: 10.1086/503658     Document Type: Article

References (24)

1. Bae, Kee-Hong, Jun-Koo Kang, and Chan-Woo Lim. 2002. The value of durable bank relationships: Evidence from Korean banking shocks. Journal of Financial Economics 64, no. 2: 181-214
2. Berger, Alan, and Gregory Udell. 1995. Relationship lending and lines of credit in small firm finance. Journal of Business 68, no 3:351-81
3. Berger, Allen, Anthony Saunders, Joseph Scalise, and Gregory Udell. 1998. The effects of bank mergers and acquisitions on small business lending. Journal of Financial Economics 50, no. 2:187-229.
4. Berlin, Mitchell, and Loretta Mester. 1999. Deposits and relationship lending. Review of Financial Studies 12, no 3:579-607.
5. Bernhardt, Dan, and Nadia Massoud. 2004. Endogenous ATM location and pricing. Working paper, University of Alberta, School of Business, Department of Finance.
6. Economides, Nicholas, Glenn Hubbard, and Darius Palia. 1996. The political economy of branching restrictions and deposit insurance: A model of monopolistic competition among small and large banks. Journal of Law and Economics 39, no. 2:667-704.
7. Flannery, Mark, and Christopher James. 1984. Market evidence on the maturity of bank assets and liabilities. Journal of Money, Credit and Banking 16, no. 4:435-45.
8. Hannan, Timothy H. 2001. Retail fees of depository institutions, 1994-1999. Federal Reserve Bulletin (January): 1-11.
9. _. 2002. Retail fees of depository institutions, 1997-2001. Federal Reserve Bulletin (September): 405-13.
10. Hannan, Timothy H., Elizabeth K. Riser, Robin A. Prager, and James J. McAndrews. 2003. To surcharge or not to surcharge: An empirical investigation of ATM pricing. Review of Economics and Statistics 58, no. 4:990-1002.
11. Massoud, Nadia, and Dan Bernhardt. 2002. Rip-off ATM surcharges. Rand Journal of Economics 33, no. 1:96-115.
12. Matutes, Carmen, and A. Jorge Padilla. 1994. Shared ATM networks and banking competition. European Economic Review 38, no. 5:1130-38.
13. McAndrews, James J. 2002. A model of ATM pricing: Foreign fees and surcharges. Mimeo, Federal Reserve Bank of New York.
14. _. 2003. Automated teller machine network pricing: A review of the literature. Journal of Network Economics 2, no. 2:146-58
15. Mester, Loretta, Leonard I. Nakamura, and Micheline Renault. 2003. Checking accounts and bank monitoring. Working Paper no. 1-3, Federal Reserve Bank of Philadelphia.
16. Ongena, Steven, and David C. Smith. 2001. The duration of bank relationships. Journal of Financial Economics 61, no. 3:449-75
17. Palia, Darius. 1994. Recent evidence of bank mergers. Financial Markets, Institutions and Instruments 26, no. 5:36-59.
18. PIRG (Public Interest Research Group). 1999. Big banks. Bigger fees: The 1999 PIRG bank fee survey. http://www.pirg.org/reports/consumer/bankfees/bank99.pdf.
19. _. 2001. A brief history of ATMs, http://www.stopatmfees.com/newpage3.htm.
20. _. 2002. ATMs always taking money, http://www.nypirg.org/consumer/atm/2002/intro.htm.
21. Prager, Robin. 1999. ATM network mergers and the creation of market power. Antitrust Bulletin 44, no. 2:349-63.
22. _. 2001. The effects of ATM surcharges on small banking organizations. Review of Industrial Organization 18, no. 2:161-73.
23. Stavins, Joanna. 2000. ATM fees: Does bank size matter? New England Economic Review (January/February): 13-24.
24. Tirole, Jean. 1994. The theory of industrial organization. 7th ed. Cambridge, MA: MIT Press.