The Welfare Consequences of ATM Surcharges: Evidence from a Structural Entry Model
---- Acknowledgements -----
We thank Steve Berry, Jeremy Fox, Fumiko Hayashi, Igal Hendel, Tom Holmes, and seminar participants at numerous institutions for helpful comments, thank Joy Lin, Yuanfang Lin, and Chishen Wei for research assistance and Anita Todd for editorial assistance. Gowrisankaran gratefully acknowledges financial support from the National Science Foundation (Grant SES-0318170), the NET Institute, and the Federal Reserve Bank of New York. The views expressed in this paper are solely those of the authors and do not represent those of the Federal Reserve Banks of New York or San Francisco or the Federal Reserve System.