Gefrorene Fee

Interchange fees have been the focal point for debate in the card industry, among competition authorities and policy makers, as well as in the economic literature on two-sided markets and on the regulation of market failures. This book offers insight into the economics of interchange fees. First, it explains the nature of two-sided markets/platforms/networks and elaborates on four-party schemes and on the rationale behind interchange fees according to Baxter’s model and its later refinements. It also includes the debate about the optimum level of interchange fees and its determination (“tourist test”), and presents the original framework for assessing the impact of interchange fee regulatory reductions for the market participants: consumers, merchants, acquirers, issuers, and card organisations.

Ein Zimmer Küche Bad ist eine Ode an das Leben, wie es ist, mal laut, mal leise, getragen von einer beflügelnden Haltung zur Welt und Melodien, die sofort bleiben und das Potential haben, Licht in dunkle Tage zu bringen. Nonchalant und direkt erzählt »Fee« in ihren Liedern von der Suche nach dem richtigen Platz im Leben, nach Haltungen zur Welt, von Liebe, Verlust und Selbstbehauptung. Es sind flirrende, tiefe und schöne Lieder.

To draw inspiration from the everyday has almost become a cliché of Jazz composition. Fee Stracke now made this a radical concept and took the parameters of chairs and furniture as the groundwork for her new music. In Instrumental Chairs she searches for the sound of modern objects, some of them iconic, some less well known, but all programmatic and innovative at the time they were conceived and built.