La tarification des retraits aux distributeurs automatiques bancaires, une revue de la littérature

Donze, Jocelyn and Dubec, Isabelle (2009): La tarification des retraits aux distributeurs automatiques bancaires, une revue de la littérature.

Abstract

We summarize the literature dealing with the pricing of ATM withdrawals. We highlight the effects of the pricing scheme on the network size, on banks’ profits and on consumer surplus. We also examine two recent reforms that took place in Australia and in the United Kingdom in order to increase the efficiency of ATM networks.

• Item Type: MPRA Paper
• English Title: ATM withdrawal pricing, a survey of the literature
• Language: French
• Keywords: distributeurs automatiques bancaire; commission interbancaire; tarification; régulation
• Subjects: G - Financial Economics > G2 - Financial Institutions and Services; L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance

References

Balto, D., 2000, The problem of interchange fees: costs without benefits?, European Competition Law Review, 21, pp. 215-224.

Bounie D., François A. et Verdier M., 2006. La détention et l'usage des instruments de paiement en France, Revue d'Economie Financière, N°91, 53-76.

Cruickshank, D., 2000, Competition in U.K. banking: a report to the chancellor of the exchequer, HM Treasury.

Dove Consulting, 2006 ATM deployer study

Donze J. et Dubec I., 2006. The role of Interchange fees in ATM networks. International Journal of Industrial Organization. Vol. 24, n°1, p. 29-43.

Donze J. et Dubec I., 2008. “The effect of regulating interchange fees at cost on the ATM market”. Munich Personal RePEc Archive N° 11252.

Donze J. et Dubec I. 2009a. “Paying for ATM usage : good for consumers, bad for banks ?”, Journal of Industrial Economics. Vol. LVII. N°3. p 583-612.

Donze J. et Dubec I. 2009b. “ATM direct charging reform: the effect of independent deployers on welfare”. Munich Personal RePEc Archive N° 15818.

Ferrari, S., 2008, Discriminatory fees and coordination in shared ATM networks. Mimeo.

Hannan, T. et Borzekowski, R. 2007. Incompatibilty and Investment in ATM Networks. Review of Network Economics, Vol 6, pages 1-15.

Hayashi, F., Sullivan, R. et Weiner, S., 2006, A guide to the ATM and Debit Card Industry, 2006 Update, Federal Reserve Bank of Kansas City.

House of Commons, Treasury Committee. 2005. Cash Machine Charges. Fifth Report of Session 2004-05.

Humphrey, D. 1994. Delivering Deposit Services: ATMs Versus Branches. Economic Quarterly, Federal Reserve Bank of Richmond, Volume 80.

Ishii, J., 2006, Interconnection Pricing and Compatibility in Network Industries: ATM Networks in the Banking Industry, Harvard University working paper.

Knittel, C. et Stango V., 2008, Incompatibility, Product Attributes and Consumer Welfare: Evidence from ATMs, BE Journal of Economic Analysis and Policy. Volume 8(1).

Knittel, C. et Stango V., 2009, How Does Incompatibility Affect Prices?: Evidence from ATMs, The Journal of Industrial Economics. Vol LVII. N°3.

Massoud, N. et Bernhardt, D., 2002, Rip-off ATM surcharges, Rand Journal of Economics, 33, pp. 96-115.

Matutes, C. et A. J. Padilla. 1994. Shared ATM Networks and Banking Competition. European Economic Review, 38: pp. 1113-38.

McAndrews, J., 2003, Automated teller machine network pricing, a review of the literature, The Review of Network Economics, Volume 2, Issue 2, pp. 146-158.

Reserve Bank of Australia and the Australian Competition and Consumer Commission, 2000, Debit and Credit Card Schemes in Australia: A Study of Interchange Fees and Access Competition.

Salop, S., 1990, Deregulating Self-Regulated Shared ATM Networks, Economics of Innovation and New Technology, 1, pp. 85-96.

Verdier, M., 2008. Optimal interchange fees for card payments and cash withdrawals. Mimeo.

Whitesell W., 1989, The Demand for Currency Versus Debitable Accounts, Journal of Money, Credit, and Banking, 21 (2), pp. 246-251.