on prices is much less clear. While increased global competition yields a price reduction under monopoly, prices may … local mar- ket performance under monopoly vs. oligopoly. If consumers choose once where to buy, we show that under all forms … of organizing the local market, increased competition from the global market will lo- cally crowd out variety. The e ect …

range from 5% to 10%. To measure competition directly, we apply a novel approach that estimates the impact of marginal costs … as indicator of inefficiency on either market shares or profits. Over time, competition in health insurance has increased … fall in the average level of competitive pressure. After the reform, competition continued to improve. In the non …

The lack of available prices in the Dutch life insurance industry makes competition an elusive concept that defies … direct observation. Therefore, this paper investigates competition by analysing several factors which may affect the … Xinefficiency, since severe competition would force firms to exploit available scale economies and to reduce X-inefficiencies. Both …

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

The European trade and post-trade industries have seen increased competition in the past few years. As a result of the … practices of the three CCPs in European equity market-LCH.Clearnet SA, EMCF and EuroCCP. It concludes that, 1) competition in … competition among CCPs has led to a deterioration in the robustness of CCPs' risk management. …

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 …