Showing 1 - 10 of 27
Using U.S. quarterly data we provide VAR evidence showing that a positive productivity shock leads to a persistent decrease in the unemployment rate and in the price markup, together with an increase in aggregate profits. In response to the shock the labor share of income decreases on impact and...
Persistent link: https://www.econbiz.de/10011196348
Efficient payment services underpin the smooth operation of the economy. Competition and innovation are key drivers for …
Persistent link: https://www.econbiz.de/10010822696
In this article we empirically analyze how the Tourist Test methodology affects the level of multilateral interchange fees (MIFs) for debit card payments over time. Using Dutch cost data for 2002 and 2009 we argue that this method leads to rising cost for merchants in the long run. The outcomes...
Persistent link: https://www.econbiz.de/10010722854
This paper investigates the cost efficiency and competitive behaviour of the non-life - or property and casualty - insurance market in the Netherlands over the period 1995-2012. We focus on the 2006 health care reform, where public health care insurance has been included in the non-life...
Persistent link: https://www.econbiz.de/10011004568
other types of markets, card payment services are network goods where two distinct end-users (i.e. consumers and merchants …
Persistent link: https://www.econbiz.de/10005101797
In this paper we focus on the assumption of a common efficient frontier when performing an efficiency study for the banking sector. The fact that environmental factors that are not appropriately controlled may easily bias efficiency estimates. First, we estimate a common cost and profit...
Persistent link: https://www.econbiz.de/10005101798
Using a measure of competition based on the Panzar-Rosse model, this paper explains bank competition across 76 countries on the basis of various determinants. Studies explaining banking competition are rare and typically insuffciently robust as they are based on a limited number of countries...
Persistent link: https://www.econbiz.de/10005101816
This paper is the first detailed and world-wide investigation of the developments in banking competition during the past fifteen years. Using the Panzar-Rosse approach, we establish significant changes over time in the competitiveness of the banking industry. The changes in competition over time...
Persistent link: https://www.econbiz.de/10005101824
services including the level of aggregate credit loss, the probability of theft, and the timing of income flows. We also …
Persistent link: https://www.econbiz.de/10005101837
In this paper, I investigate whether improving the traditional SCP model gives additional insights in the existence of market power in the Dutch banking market. I first improve the measurement of market structure. Then, I introduce a simple Cournot-model, which results in a more flexible measure...
Persistent link: https://www.econbiz.de/10005106764