Search: credit card
Did you mean
credit cards?
RBA Glossary definition for credit card
credit card – A credit card is a card whose holder has been granted a revolving credit line. The card enables the holder to make purchases and/or cash advances up to a pre-arranged limit. The credit granted can be settled in full by the end of a specified period or in part, with the balance taken as extended credit. Interest may be charged on the transaction amounts from the date of each transaction or only on the extended credit where the credit granted has not been settled in full.
Search Results
References
1 Feb 1992
RDP
9202
Download the Paper 635. KB. Ausubel, L.M. (1991), “The Failure of Competition in the Credit Card Market”, American Economic Review, 81:1 50–81. ... Gilbert, R.A. (1984), “Bank Market Structure and Competition: A Survey”, Journal of Money,
https://www.rba.gov.au/publications/rdp/1992/9202/references.html
The Conjectural Variations Model
1 Feb 1992
RDP
9202
On the other hand, Ausubel (1991) finds huge monopoly profits in the United States credit card industry, where there are over 4,000 firms!
https://www.rba.gov.au/publications/rdp/1992/9202/conjectural-variations-model.html