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Respond to the question: credit cards?

03/03/2000 05:39 PM by Pedro Dal Bó; Credit cards
I don't know about this market and I haven't seen papers on the subject. Nevertheless I think that the interaction of companies in any oligopolistic market has some prisoner's dilemma flavor. To makes things simple think that
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03/02/2000 10:40 AM by name withheld; credit card
Please tell me what kind of game you think the plastic payment card industry (say Visa, Mastercard, and Amex) is playing. Many think it is prisoner's dilemma where everyone can do better by cooperating.

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