Showing 1 - 10 of 19
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 …
Persistent link: https://www.econbiz.de/10011004568
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 …
Persistent link: https://www.econbiz.de/10005021828
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 …
Persistent link: https://www.econbiz.de/10005021837
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 …
Persistent link: https://www.econbiz.de/10005021844
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. …
Persistent link: https://www.econbiz.de/10010756016
costs and market equilibrium. Our theoretical findings are confirmed by an empirical analysis of competition in banking …
Persistent link: https://www.econbiz.de/10008475760
In this article, we survey the recent theoretical literature on payment cards and study their implications for public policy. Payment card networks have faced regulatory scrutiny in several countries regarding the setting of various fees including interchange fees fees paid by the merchant's...
Persistent link: https://www.econbiz.de/10005101797
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 …
Persistent link: https://www.econbiz.de/10005101824
This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This … approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … competition can consider the entire banking market only. Like most other model-based measures, this approach ignores differences …
Persistent link: https://www.econbiz.de/10005101862
This paper analyses the impact of loan market competition on the interest rates applied by euro area banks to loans and … deposits during the 1994-2004 period, using a novel measure of competition called the Boone indicator. We find evidence that … stronger competition implies significantly lower spreads between bank and market interest rates for most loan market products …
Persistent link: https://www.econbiz.de/10005106652