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Introduction

17 Apr 2009 RDP 2009-02
George Gardner and Andrew Stone
The CR model does, however, assume that while merchants may choose to accept payments from neither, one or both platforms, consumers may at most subscribe to one platform. ... In developing our extension of the CR model we also do not attempt to allow
https://www.rba.gov.au/publications/rdp/2009/2009-02/introduction.html

Understanding Merchants' and Consumers' Card Choices

17 Apr 2009 RDP 2009-02
George Gardner and Andrew Stone
Finally, one further observation is in order regarding our ECR model and the CR model. ... For this more general model, our ECR model would correspond to the special case κ = 0, while the CR model would correspond to any κ value greater than some
https://www.rba.gov.au/publications/rdp/2009/2009-02/understanding-merchants.html

Conclusions

17 Apr 2009 RDP 2009-02
George Gardner and Andrew Stone
s card – something which is not the case when platforms' pricing to both sides is purely per-transaction, or when (as in the CR model) consumers are prohibited by fiat from
https://www.rba.gov.au/publications/rdp/2009/2009-02/conclusions.html

Potential Non-uniqueness of Market Equilibria

17 Apr 2009 RDP 2009-02
George Gardner and Andrew Stone
up to six distinct equilibria are potentially feasible. These consist of one CR solution – by which we mean an equilibrium with no consumers multi-homing – and up to five others determined ... If. these consist of a CR solution and up to two others
https://www.rba.gov.au/publications/rdp/2009/2009-02/potential-non-uniqueness.html