The Archives

Everything written by Ronald Mann on law, economics, and more

Competitive Payments

Most of the discussion related to pricing at the point of sale has emphasized the “cross-subsidy” between those that pay with cash and checks and those that pay with credit cards.  This discussion misses the core of the problem in a market where the use of cash and checks is rapidly declining; the central problem ... Competitive Payments

Moving the Ball Forward: Macroeconomic Considerations

Ronald J. Mann is Professor of Law at Columbia University Law School. What is most surprising about the GAO report is how little the analytical discussion of this subject has advanced in the last decade.  We all know that interchange rates might contribute to higher retail prices: customers that use cheaper payment products can be ... Moving the Ball Forward: Macroeconomic Considerations