This paper studies the bankcard payment system in the two-sided markets where the bankcard organization and merchants both have market power.
本文研究了双边市场中的银行卡支付系统，其中的银行卡组织和商户都拥有垄断力量。
Two-sided market is the important component of modern economic system.
双边市场是现代经济系统的重要组成部分。
That is because the payment-card system is a "two-sided" market.
这是因为支付卡系统是一个“双边”的市场。
This paper studies the bankcard payment system in the two-sided markets, where bankcard organization and merchants have market power.
本文研究了双边市场中的银行卡支付系统，其中的银行卡组织和商户都拥有垄断力量。
This paper studies the bankcard payment system in the two-sided markets, where bankcard organization and merchants have market power.
本文研究了双边市场中的银行卡支付系统，其中的银行卡组织和商户都拥有垄断力量。
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