RBA: Review of the Regulatory Framework for the EFTPOS System: Consultation on Options for Reform June 2012 8. Conclusions

  1. The issues addressed by the Joint Study are complicated ones, but they are amenable to careful theoretical and empirical economic analyses. Perhaps the most central finding of these analyses is that, while network effects are a prominent feature of credit and charge card markets, there are multiple mechanisms through which these effects may be internalized.