Economic aspects of payment card systems and antitrust policy toward joint ventures

Article Abstract:

The courts in National Bancard Corp. v. VISA U.S.A., Inc. and SCFC ILC, Inc. v. VISA U.S.A., Inc. applied exclusive dealing law and other antitrust law properly to joint ventures in the bank card industry. Joint ventures promote efficiency by allowing companies to combine resources and technology in an efficient manner. Antitrust scrutiny should acknowledge both the unity of the joint venture and the separateness of the firms involved. To minimize the anticompetitive potential of joint ventures, participants should allow continued competition among participants and limit the scope of joint operations.

Exclusive dealing agreements

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The antitrust economics of credit card networks: reply to Evans and Schmalensee comment

Article Abstract:

Antitrust intervention in joint ventures should be limited to instances when collective action is restricting competition and sufficient efficiency justifications cannot be presented. Efficiency is a significant factor, and it should be controlling when benefits are strong, but joint ventures should receive antitrust scrutiny. As with other antitrust analysis, the focus should be on anticompetitive effects such as increased prices.

Criticism and interpretation, Schmalensee, Richard, Evans, Davis S.

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Antitrust policy towards EFT networks: the Canadian experience in the Interac case

Article Abstract:

Canada's antitrust policy towards electronic funds transfer networks, as implemented in the Interac case, is discussed. Topics include on overview of the Canadian financial system and market structure, Canadian law on abuse of dominant position, and approaches to antitrust remedies in network industries.

Canada, Interpretation and construction, Electronic funds transfer systems

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