Credit and the no-surcharge rule
By: Cyril Monnet and William Roberds
Contributors: Roberds, William; Federal Reserve Bank of Atlanta
Series: Working paper series / Federal Reserve Bank of Atlanta -- 2006-25; Working paper series (Federal Reserve Bank of Atlanta : Online) -- 2006-25.
Publisher: Federal Reserve Bank of Atlanta
Published: 2006
Place of publication: Atlanta, Ga.]
Language: eng
Format: [electronic resource] /
Description: " A controversial aspect of payment cards has been the "no-surcharge rule." This rule, which is part of the contract between the card provider and a merchant, states that the merchant cannot charge a customer who pays by card more than a customer who pays by cash. In this paper we consider the design of an optimal card-based payment system when cash is available as an alternative means of payment. We find that a version of the no-surcharge rule emerges as a natural and advantageous feature of such a system."--Federal Reserve Bank of Atlanta web site.
Notes: Title from PDF file as viewed on Dec. 18, 2006.

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.