Midya's Weblog

Swipe fees and market failures

This is an interesting article and concept. What I want to ask here is what is this idea of ‘market falures’? Are situations like this the market failing? If not, what are they? Isn’t the market just doing what it does given certain restrictions? This is probably not a matter of markets failing as government policy failing or not enough time given for competition to take hold. I’m just saying.

In Broken Market, ‘Swipe’ Fees Must Be Regulated

http://www.businessweek.com/smallbiz/content/feb2011/sb2011021_070709.htm

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This entry was posted on July 20, 2011 by in Uncategorized.
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