Showing 1 - 10 of 148
In a stochastic frontier setting, we examine technical efficiency in the Middle East and North Africa (MENA). Evidence suggests that in addition to economic indicators, political and social ones play a key role in development and frontier technical efficiency profiles. The MENA have been...
Persistent link: https://www.econbiz.de/10011605802
In a stochastic frontier setting, we examine technical efficiency in the Middle East and North Africa (MENA). Evidence suggests that in addition to economic indicators, political and social ones play a key role in development and frontier technical efficiency profiles. The MENA have been...
Persistent link: https://www.econbiz.de/10013030868
government policies on the automobile industry, which change final prices and estimate their effect on sales and production. An … that explores the effects of these policies on domestic and foreign production to disentangle the potential spill-overs. …
Persistent link: https://www.econbiz.de/10011804409
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. A caveat of the Boone-indicator may be that it assumes that banks …
Persistent link: https://www.econbiz.de/10011604814
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/10011604931
This paper extends Boone (2008) by introducing a competition measure at the individual firm level rather than for an … and measures competition vis-à-vis other market participants. We apply this extended Boone indicator to individual bank …-level competition in the loan market in the four largest euro area countries and Austria. The MRP distribution is skewed to the left and …
Persistent link: https://www.econbiz.de/10014543644
be conditioned by the degree of market competition. We first identify conditions under which changes in marginal costs … competition setting. We then exploit changes in monetary policy to examine whether the pass-through of borrowing costs is affected …
Persistent link: https://www.econbiz.de/10012819046
aggregate but changes their content; ii) tends to raise income and wealth inequality; iii) has ambiguous effects on competition …
Persistent link: https://www.econbiz.de/10014374597
We study empirically how competition among high-frequency traders (HFTs) affects their trading behavior and market …-frequency competition, and contains an exogenous event - a tick size reform - which we use to disentangle the effects of the rising share of … high-frequency trading in the market from the effects of high-frequency competition. We find that when HFTs compete, their …
Persistent link: https://www.econbiz.de/10012142134
We study empirically how competition among high-frequency traders (HFTs) affects their trading behavior and market …-frequency competition, and contains an exogenous event - a tick size reform - which we use to disentangle the effects of the rising share of … high-frequency trading in the market from the effects of high-frequency competition. We find that when HFTs compete, their …
Persistent link: https://www.econbiz.de/10012868588