Gual, Jordi; Neven, Damien J - C.E.P.R. Discussion Papers - 1992
In this paper the experience of deregulation in the banking sector of seven EC countries (Belgium, France, Germany … protected markets earn large rents, which are partly dissipated in excessive costs and captured by workers. Conduct deregulation … seems to be effective in triggering more intense price competition; as deregulation takes place, profits are reduced, cost …