banking products are local in scope, and (2) that market concentration measures can serve as effective proxies for banks …In the United States, antitrust authorities rely heavily on numerical measures of local banking market concentration …' abilities to extract monopoly rents. This paper uses balance sheet data from most banks operating in the United States in 1988 …

supplying output that might be withdrawn by the consolidating firms. The data, drawn from the banking industry, suggest that M … has a strong negative effect on the small business lending of small banks but that M&As have little influence on this …

We study the effects of structural changes in banking markets on the supply of credit to small businesses. Specifically … other banks in the same local markets. The results suggest modest positive external effects from these dynamic changes in … competition, except that large banks may reduce small business lending in reaction to entry. We confirm bank size and age as …

We examine the effects of over 6,000 M&As involving more than 10,000 banks on small business lending. We are the first … reactions of other local banks to M&As. We find that the static effects that reduce small business lending are mostly offset by … the reactions of other banks and, in some cases, also by the refocused efforts of the consolidating institutions …

nature of small business lending at banks that were involved in mergers between June 1993 and June 1996. Then a model of … bank or the typical share at other banks of roughly the same size as the consolidated bank. …