Bikker, Jacob A.; Spierdijk, Laura; Finnie, Paul - de Nederlandsche Bank - 2006
by assessing the relation between bank size and market power. We use an extended version of the Panzar-Rosse (P-R) model … that allows bank size to affect market power. Based on a large sample of more than 18,000 banks in 101 countries comprising … more than 112,000 bank-year observations, we show that market power varies with bank size. Large banks have substantially …