Unpublished working papers

Economics of Payment Methods and Payment Systems

  1. Cohen, R., O. Shy, and J. Stavins. "Payments Evolution from Paper to Electronic Payments by Merchant Type." Federal Reserve Bank of Boston, Working Paper No. 226 (2022).

  2. Shy, O. "Digital Currency, Digital Payments, and the 'Last Mile' to the Unbanked." Federal Reserve Bank of Atlanta, Policy Hub No. 9, (2021). WSJ article.

  3. Bostic, R., S. Bower, O. Shy, L. Wall, and J. Washington. "Digital Payments and the Path to Financial Inclusion." Federal Reserve Bank of Atlanta, Promoting Safer Payments Innovation No. 20–1, (2020). WSJ article.

  4. Shy, O. "Alternative Methods for Studying Consumer Payment Choice." Data source. Data and R-code.

  5. Shy. O. "How Merchants Get Paid." Data source. Data and R-code.

  6. Greene, C., M. Hitczenko, B. Prescott, and O. Shy. "U.S. Consumers' Use of Personal Checks: Evidence from a Diary Survey." Federal Reserve Bank of Atlanta, Research Data Report No. 20–1, (2020).

  7. Greene, C. and O. Shy. "How Consumers Get Cash: Evidence from a Diary Survey." Federal Reserve Bank of Atlanta, Research Data Report No. 19–1, (2019).

  8. Greene, C. and O. Shy. "How Are U.S. Consumers Using General Purpose Reloadable Prepaid Cards? Are They Being Used as Substitutes for Checking Accounts?" Federal Reserve Bank of Boston, Research Data Report No. 15-3, (2015).

  9. Schuh, S. and O. Shy. "U.S. Consumers' Adoption and Use of Bitcoin and other Virtual Currencies."

  10. Shy, O. "How Many Cards Do You Use?" Federal Reserve Bank of Boston, Research Department Working Paper No. 13–13, (2013). SSRN version.

  11. Schuh, S., O. Shy, and J. Stavins. "Who Gains and Who Loses From Credit Card Payments: Theory and Calibrations." Federal Reserve Bank of Boston, Research Department Public Policy Discussion Paper No. 10–3, (2010). Presentation.

The Banking Industry and Financial Markets

  1. Shy, O. and R. Stenbacka. "Ring-fencing, Lending Competition, and Taxpayer Exposure." Presentation.

  2. Shy, O. and J. Tarkka, "Stock Exchange Alliances, Access Fees, and Competition." Bank of Finland Discussion Paper 22/2001. Presentation

  3. Shy, O. and R. Stenbacka, "A Bundling Argument for Narrow Banking." (33p).

Industrial Organization, Market Structure, Management, Marketing, Game Theory

  1. Morgan, P. and O. Shy. "Undercut-Proof Equilibria With Multiple Firms." Older version: "Undercutproof Equilibria." (31p).

  2. Clougherty, J., M. Grajek, and O. Shy. "Taking 'Some' of the Mimicry Out of the Adoption Process: Quality-Management and Strategic Substitution." CEPR Discussion Paper No. 11661. SSRN.

  3. Shy, O. "Window Shopping." Presentation.

  4. Shy. O. ""Relevant" Markets: A Product Differentiation Approach." (10p).

  5. Gantman, N. and O. Shy, "Broadcasting Competition and Advertising Quality: A Two-sided Market Approach." (18p).

  6. Aluf, Y. and O. Shy, "Comparison-Advertising and Competition." (9p).

  7. Shy, O. and R. Stenbacka, "Entry Barriers and Antitrust Objectives." (8p).

  8. Ringbom, S. and O. Shy, "Advance Booking and Refunds Under Capacity Constraints." (23p). Presentation

  9. Ringbom, S. and O. Shy, "Reservations, Refunds, and Price Competition." (29p). Presentation

  10. Gal, M., and O. Shy, "The Monopoly." the economics part of a chapter in M. Gal and M. Perlman (eds.), forthcoming book on Israeli Antitrust, (Hebrew, 26p, 2003/07/25).

  11. Shy, O., "Digital Convergence, Competition, and Antitrust Law." (12p).

  12. Shy, O., "A Dynamic Model of Targeted Advertising." (25p).

  13. Shy, O., "Why 99 Cents?" (13p).

  14. Shy, O., "Dynamic Peak-Load Pricing." (13p).

Network Economics, Standards, Switching Costs, Hardware/Software Industries, Intellectual Property

  1. Navon, A., O. Shy, and J. Thisse, "Product Differentiation in the Presence of Positive and Negative Network Effects." Center for Economic Policy Research (CEPR), Discussion Paper No.1306, December 1995.

  2. Chou, C. and O. Shy, "Supporting Services and the Choice of Compatibility." (21p).

  3. Chou, C. and O. Shy, "Knowledge Accumulation and Novelty: Who Should Be Getting the Credit for an Idea?" (10p).

  4. Shy, O., "Integration and International Standardization." (16p).

International Trade

  1. Shy, O., "A Welfare Evaluation of Antidumping Rules." (21p).

  2. Chou, C., J. Melmed-Sanjak, and O. Shy, "The Environment and International Trade." (16p).