We examine the extent to which regulations of entry and credit access are related to competition using data on 28 … competition, as proxied by the price-cost margin, in the industries with a naturally high entry rate. Rigid entry regulations are … exerting a positive effect on competition. These results suggest that incumbent firms are likely to enjoy the rent and market …

This paper shows that competition among regulators reduces regulatory standards relative to a centralized solution. It … their banks’ profitability set their regulatory policy non-cooperatively. Externalities in bank regulation make the … independent solution collectively inefficient. These externalities and the benefits of centralized regulation increase with …

This paper investigates the degree of bank competition in the euro area, the U.S. and U.K. before and after the recent … financial crisis, and revisits the issue whether the introduction of EMU and the euro have had any impact on bank competition …. The results suggest that the level of bank competition converged across euro area countries in the wake of the EMU. The …

As in other sectors, competition in finance matters for allocative, productive and dynamic efficiency. Theory suggests …, however, that unfettered competition is not first best given the special features of finance. I review these analytics and … describe how to assess the degree of competition in markets for financial services. Existing research shows that the degree of …

. It is shown that such ""regulatory capture"" in banking does not imply ineffectual regulation; a ""captured"" regulator …

explore the role of collective bargaining systems, union density, employment protection, and product market regulation. The …