multiple technology regimes and group membership probabilities. The latter are conditioned on six bank traits of German banks … specific cost parameters to measure competition with Lerner indices. Large, national universal banks and the smallest, most … specialized banks exhibit the lowest level of competition. In turn, medium sized universal banks are both efficient and exhibit …

different banks as being best or worst performers. Our main conclusion is that efficiency studies in general and bank efficiency …

parametric methods. Thus, the implicit assumption of serial independence of bank production in most methods has an important …

We estimate the macroeconomic benefits and international spillovers of an increase in competition using a general …-equilibrium simulation model with nominal rigidities and monopolistic competition in product and labor markets. We draw three conclusions … after calibrating the model to the euro area against the rest of the industrial world. First, greater competition produces …

liquidity shocks. But in contrast to these approaches we assume spacial monopolistic competition among banks. Since monopoly … positive effect. But this beneficial effect is only relevant if competition among banks does not sufficiently restrain monopoly … rents already. Thus our results suggest that in the bank-dominated financial system of Germany, in which banks intensely …

financial system in which there is intense competition among banks for private households' funds. Following earlier work by … contracts is restrained by households' financial market access. However, we also assume spatial monopolistic competition among … monopoly rents also entails a positive effect; however, this beneficial effect is only relevant if competition among banks does …