type here...

Lulu Wang

Lulu Wang is an assistant professor of finance at the Kellogg School of Management at Northwestern University. He is interested in questions at the intersection of household finance, corporate finance, and industrial organization. His recent work studies competition between payment networks and the distributional consequences of merchant fees and consumer rewards in this market.
Antitrust and Competition

A DOJ Victory Against Visa May Not Help Merchants or Consumers

Lulu Wang
Lulu Wang writes that the Department of Justice’s lawsuit against Visa for maintaining a monopoly in the debit card market will, if victorious, only impact a fraction of the transaction fees that burden merchants. And if the lawsuit opens up the market to more competition, there are reasons to believe a more fractured card network could end up hurting consumers and merchants.

Latest news

View All

The publication of the Stigler Center at The University of Chicago Booth School of Business

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.