search query: @author Tirole, J. / total: 37
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| Author: | Hausman, J. A. Leonard, G. K. Tirole, J. |
| Title: | On nonexclusive membergship in competing joint ventures |
| Journal: | RAND Journal of Economics
2003 : SPRING, VOL. 34:1, p. 43-62 |
| Index terms: | Joint business ventures Competition Credit cards |
| Language: | eng |
| Abstract: | The authors evaluate the competitive and governance effects of "duality". Duality refers to the joint membership (e.g., by banks) in competing associations or joint ventures (e.g., Visa and MasterCard). They first show that the not-for-profit nature of the associations along with the usage-based fees they charge yield productive efficiency. |
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