Leuvensteijn, Michiel van; Bikker, Jacob A.; Rixtel, … - Banco de España - 2007
approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … generally pass on at least part of their efficiency gains to their clients. Like most other model-based measures, this approach … ignores differences in bank product quality and design, as well as the attractiveness of innovations. We measure competition …