Finance committee  Thank you very much. Basically, my study showed that you put the ATM surcharge significantly above the marginal cost. I'm not looking at the level of the marginal cost. I'm saying you could use this fee as a marketing tool. If you look at banks, they spend lots of dollars on a

Finance committee  I investigated this point in particular, and my research was funded by the Schulich School of Business. I looked at the consequences of a policy of banning the ATM surcharges, and the main result would be lower ATM density. The fee is higher for the bank member, so the fee is swi

Finance committee  I was talking about a theory model, so it's not based on empirical data. It's a theory model, so it can be any marginal cost. The theory model shows that the ATM surcharge will be higher. But I don't have empirical data on the actual cost because this information is not clearly r

Finance committee  Thank you. That's a very interesting question. My final recommendation? Those prices are determined based on competition. Banks are competing, but the main competition is not the ATM service; the main competition is in attracting customers to the bank. And I don't think the gove

Finance committee  I want to indicate from the beginning that I am here without any agenda. I'm just expressing my views in terms of research. I started my interest in this area of research based on a personal experience. I was a PhD student at Queen's University--I had moved from Waterloo--and w