Entry of FinTech Firms and Competition in the Retail Payments Market
DC Field | Value | Language |
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dc.contributor.author | Jun, Jooyong | - |
dc.contributor.author | Yeo, Eunjung | - |
dc.date.available | 2019-03-08T13:36:42Z | - |
dc.date.issued | 2016-04 | - |
dc.identifier.issn | 2041-9945 | - |
dc.identifier.issn | 2041-6156 | - |
dc.identifier.uri | https://scholarworks.bwise.kr/cau/handle/2019.sw.cau/7125 | - |
dc.description.abstract | We investigate the effects of entry of financial technology (FinTech) based firms on competition in the retail payments market. With a model of two-sided market with vertical restraints, we derive the following results. When only the entry of a vertically integrated (or end-to-end service) provider is allowed, either all merchants opt for multi-homing or no entry occurs, regardless of the regulatory requirement. On the other hand, if the entry of a downstream-only (or front-end service) provider is allowed, a partial multi-homing equilibrium could emerge under certain conditions, in which the entry of an end-to-end service provider does not occur. Without regulation, however, the vertically integrated incumbent does not voluntarily provide the back-end service to the entrant in general. This suggests the need for proper regulatory measures to reach a socially desirable outcome from the new entry in the retail payments market. | - |
dc.format.extent | 26 | - |
dc.language | 영어 | - |
dc.language.iso | ENG | - |
dc.publisher | WILEY-BLACKWELL | - |
dc.title | Entry of FinTech Firms and Competition in the Retail Payments Market | - |
dc.type | Article | - |
dc.identifier.doi | 10.1111/ajfs.12126 | - |
dc.identifier.bibliographicCitation | ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES, v.45, no.2, pp 159 - 184 | - |
dc.identifier.kciid | ART002101003 | - |
dc.description.isOpenAccess | N | - |
dc.identifier.wosid | 000375944800001 | - |
dc.identifier.scopusid | 2-s2.0-84966339680 | - |
dc.citation.endPage | 184 | - |
dc.citation.number | 2 | - |
dc.citation.startPage | 159 | - |
dc.citation.title | ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES | - |
dc.citation.volume | 45 | - |
dc.type.docType | Article | - |
dc.publisher.location | 미국 | - |
dc.subject.keywordAuthor | FinTech | - |
dc.subject.keywordAuthor | Entry | - |
dc.subject.keywordAuthor | Retail payment | - |
dc.subject.keywordAuthor | Front-end | - |
dc.subject.keywordAuthor | End-to-end | - |
dc.subject.keywordPlus | 2-SIDED MARKETS | - |
dc.subject.keywordPlus | INTERCHANGE | - |
dc.subject.keywordPlus | ECONOMICS | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Business, Finance | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.description.journalRegisteredClass | kci | - |
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