1 the welfare consequences of atm surcharges evidence from a structural entry model gautam gowrisankaran washington university in st louis and nber wustl edu john krainer economic research department federal reserve bank san francisco sf frb org this version april 2007 abstract we estimate market for automatic teler machines atms order to evaluate implications regulating on consumer producer surplus using data firm locations identify parameters by exploiting source local quasi experimental variation that state iowa banned during our sample period while minnesota did not develop new econometric methods alow us equilibrium models without computing equilibria monte carlo shows estimator performs wel find ban reduces about 12 percent increases 35 lowers profits 20 total remains same under regimes permit or prohibit is 17 lower than
