Who Bears the Welfare Costs of Monopoly? The Case of the Credit Card Industry
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We measure the distribution of welfare losses from non-competitive behavior in the U.S. credit card industry during the 1970s and 1980s. The early credit card industry was characterized by regional monopolies that excluded competition. Several landmark court cases led the industry to adopt
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美国国家经济研究局创建时间：
2020-01-01
