News for hackers. Stuff that matters.

A comment on Visa, Mastercard mull increasing fees for processing transactions: WSJ. Parent comment

Re:Visa, Mastercard mull increasing fees for processing tran... by bedhead on Friday February 15, 2019 @01:41PM (#19173506)
In economics this is called tacit collusion
[ Parent | on HN ]
Re:Visa, Mastercard mull increasing fees for processing tran... by savanaly on Friday February 15, 2019 @03:13PM (#19174282)
Wouldn't we observe the exact same behavior if the two were in an equilibrium where long term average cost was minimized (and, incidentally, equal to the price) and something caused LTAC to rise?
[ Parent | on HN ]