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A Peer-reviewed scientific articles/A1 Journal article (refereed), original research
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Competition-cooperation nexus in the European retail payment markets: views from a network industry perspective, Journal of Payments Strategy & Systems 4 (2014). Kemppainen, Kari

Category A Peer-reviewed scientific articles
Sub-category A1 Journal article (refereed), original research
auki Internal authors
All authors as text Kemppainen, Kari 
Number of authors
Status Published
Year of publication 2014 
Date 11.12.2014 
Name of article Competition-cooperation nexus in the European retail payment markets: views from a network industry perspective 
Name of journal Journal of Payments Strategy & Systems
Volume of issue
Number of issue
Pages 386-394 
Abstract Retail payments, especially card payments, have come under scrutiny from competition authorities in recent years. This is understandable, as healthy competition among payment service providers greatly enhances the efficiency of retail payments markets. Given the inherent network features of the retail payments industry, however, the need for cooperation in building payment infrastructures and defining relevant standards should also be recognised. This paper considers the ‘competition–cooperation’ nexus in the European context and outlines general choices policy makers face in trying to ensure both adequate upstream cooperation and effective downstream competition. The discussion takes into consideration how bodies such as the Euro Retail Payments Board provide a basis for ‘inter-stakeholder’ cooperation in adopting payment methods that provide the best efficiency outcomes for society as a whole.
Free text descriptor in Finnish maksut; vähittäismaksut; Eurooppa; maksujärjestelmät; yhteistyö; kilpailu; sääntely; tehokkuus 
Free text descriptor in English competition policy, cooperation, network economics, payment systems, retail payments 
ISSN / e-ISSN 1750-1806