Dijkstra, Mark A.; Schinkel, Maarten-Pieter - 2019 - Revision: July 2019
This paper shows how price leadership bans imposed, as part of the European Commission's State aid control, on all main … mortgage providers but the largest bank shifted the Dutch mortgage market from a competitive to a collusive price leadership … cost changes into price followers' mortgage rates. All the structural breaks are around the Spring of 2009, when the price …