Merchant internalization and tax evasion |
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| Affiliation: | 1. Dipartimento di Giurisprudenza e Scienze Politiche, Economiche e Sociali, Università del Piemonte Orientale, Palazzo Borsalino, Via Cavour 84, 15121 Alessandria, Italy;2. Dipartimento di Scienze Sociali, Politiche e Cognitive, Università di Siena, Complesso S. Niccolò, Via Roma 56, 53100 Siena, Italy;3. LabSi (Laboratory of Experimental Economics of the University of Siena), Università di Siena, Complesso S. Niccolò, Via Roma 56, 53100 Siena, Italy |
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| Abstract: | Merchant internalization has been used to explain why merchants may accept high fees to accept card payments. However, merchants seem to be more resistant in some economic activities or countries; in particular, when the shadow economy is sizeable. Cash payments are usually associated with tax evasion, and therefore the analysis of card industry should take it in to consideration. This paper explores the role of tax evasion in the merchant internalization condition; first, considering it as exogenous, and then, as a strategic reason. |
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