This paper demonstrates that the level of competition in the existing Panzar Rosse (P-R) literature is systematically … overestimated and that the tests on both monopoly and perfect competition are distorted. This is due to the use of bank revenues … and empirical evidence to illustrate the impact of the misspecification on the estimation of competition and the …

absolute figures and relative to the size of smaller banks. This paper analyzes the impact of this development on competition … that competition increases with bank size. We show that misspecification of the P-R model in the existing literature leads …

costs and market equilibrium. Our theoretical findings are confirmed by an empirical analysis of competition in banking …

This paper is the first detailed and world-wide investigation of the developments in banking competition during the … the banking industry. The changes in competition over time are small on average, but substantial for several countries and … regions. Various Western economies faced a significant decline in banking competition during recent years. In particular, the …