Automated tellers | Keywords | Fed in Print
Keywords:Automated tellers
Gowrisankaran, Gautam; Krainer, John (2004)
We estimate a structural model of the market for automatic teller machines (ATMs) in order to evaluate the implications of regulating ATM surcharges on ATM entry and consumer and producer surplus. We estimate the model using data on firm and consumer locations, and identify the parameters of the model by exploiting a source of local quasi?experimental variation, that the state of Iowa banned ATM surcharges during our sample period while the state of Minnesota did not. We develop new econometric methods that allow us to estimate the parameters of equilibrium models without computing ...
Global ATM banking: casting the net
Hueter, John D.; Craig, Ben R. (1998-08)
ACH and ATM systems are examples of networks, where the benefits of one participant enhance the structure's value for the other participants. Some recent results from economic theory suggest that competitive networks are preferable in a social sense to monopoly networks.
Incompatibility and investment in ATM networks
Hannan, Timothy H.; Borzekowski, Ron (2006)
The literature on network industries and network effects notes that incompatibility across rival systems can influence firms' incentives to invest in product changes that are beneficial to the consumer. We investigate this phenomenon in the case of bank ATM networks, where the number of ATM locations serves as the measure of product quality and surcharge fees serve as an index of incompatibility. Using as a natural experiment the lifting of a surcharge ban in Iowa (and not in neighboring states), we find that the associated increase in incompatibility for Iowa banks caused a substantial ...
Willesson, Magnus; Bergendahl, Goran; Lindblom, Ted; Humphrey, David B. (2003)
Electronic payments are considerably cheaper than their paper-based alternatives. Similarly, ATMs are a more cost-efficient way to deliver certain depositor services than are branch offices. As the share of electronic payments in 12 European countries rose from 0.43 in 1987 to 0.79 in 1999 and ATMs expanded while the number of branch offices was constant, bank operating costs are estimated to be $32 billion lower than they otherwise might have been, saving 0.38% of the 12 nations' GDP. The authors' results are robust to the form of cost function estimated-composite, Fourier, or translog. ; ...
The law's role in payments
Boss, Amelia H.; Baker, Stewart A.; Stewart, Margaret G.; Goldstone, David; Smedinghoff, Thomas J. (1999)
Antitrust issues and payment systems networks: introduction
Gilbert, R. Alton (1995-11)
The recent spread of ATM surcharges has sparked significant debate among consumers, policymakers, and ATM owners. Much of this debate has focused on the direct costs that surcharges impose on consumers. The use of ATM surcharges, however, also raises broader questions about ATM deployment, customer convenience, and the nature of banking competition.
Current Issues in Economics and Finance , Volume 4 , Issue Apr
Fox, Gerald R. 2 items
Perrit, Henry H. 2 items
Allen, Catherine 1 items
Baker, Stewart A. 1 items
Borzekowski, Ron 1 items
Boss, Amelia H. 1 items
Conrad, William C. 1 items
Constantine, Jim 1 items
Dallas-Fenney, Christopher 1 items
Goldstone, David 1 items
Grippo, Gary 1 items
Hood, George R. 1 items
Hueter, John D. 1 items
Johnston, Catherine 1 items
Knittel, Christopher R. 1 items
Kolsky, Richard I. 1 items
Lindblom, Ted 1 items
MacDonald, Craig 1 items
Medeiros, David 1 items
Mitchell, Laurie 1 items
Murphy, Neil B. 1 items
Oliver, Richard R. 1 items
Ollenburg, Steven 1 items
Palva, Marianne 1 items
Phelps, James G. 1 items
Schutzer, Dan 1 items
Smedinghoff, Thomas J. 1 items
Smith, Janet 1 items
Stewart, Margaret G. 1 items
Tallent, Guy S. 1 items
Van Hove, Leo 1 items
Vartanian, Thomas P. 1 items
Weisman, David 1 items
Willesson, Magnus 1 items
Woodworth, Jean 1 items
Zeitler, Eddie 1 items
Zimmer, Linda Fenner 1 items
Automated tellers 52 items
Banks and banking - Service charges 13 items