Keywords
two-sided markets, antitrust v. regulation, interchange fees, payment card systems
Abstract
This article aims to present the concept of two-sided markets on the example of payment card systems, which have attracted the attention of regulatory and antitrust authorities in recent years. First, the paper offers a few insights into the basic economic theory behind two-sided markets. Second, it presents a brief description of payment card systems and their features. The following analysis focuses on arguments that speak in favour of a regulatory or antitrust intervention into payment card systems. Finally, some of the potential problems that antitrust authorities must face when assessing two-sided markets are presented on the basis of an assessment of the decisional practice of the UOKiK President and the European Commission.
Recommended Citation
Tosza, K. (2009). Payment Card Systems as an Example of Two-sided Markets – a Challenge for Antitrust Authorities. Yearbook of Antitrust and Regulatory Studies, 2(2), 125-140. Retrieved from https://press.wz.uw.edu.pl/yars/vol2/iss2/6
First Page
125
Last Page
140
Page Count
15
Publisher
University of Warsaw
Publication Date
2009-12-01
