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Keywords:Automated tellers 

Journal Article
The evolution of retail EFT networks

New England Economic Review , Issue Jul , Pages 42-56

Working Paper
The welfare consequences of ATM surcharges: evidence from a structural entry model

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 ...
Working Paper Series , Paper 2005-01

Working Paper
Network externalities and shared electronic banking network adoption

Working Papers , Paper 93-18

Journal Article
Global ATM banking: casting the net

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.
Economic Commentary , Issue Aug

Journal Article
Delivering deposit services: ATMs versus branches

Economic Quarterly , Issue Spr , Pages 59-81

Working Paper
Incompatibility and investment in ATM networks

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 ...
Finance and Economics Discussion Series , Paper 2006-36

Working Paper
Cost savings from electronic payments and ATMs in Europe

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. ; ...
Working Papers , Paper 03-16

Conference Paper
The law's role in payments

Proceedings , Paper 658

Journal Article
Antitrust issues and payment systems networks: introduction

Review , Issue Nov , Pages 1-3

Journal Article
ATM surcharges

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


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McAndrews, James J. 8 items

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