Showing 1 - 10 of 656
We examine the effect of US branch banking deregulations on the entry size of new firms using micro-data from the US Census Bureau. We find that the average entry size for startups did not change following the deregulations. However, among firms that survived at least four years, a greater...
Persistent link: https://www.econbiz.de/10013070600
process of interstate bank deregulation that lowered barriers to competition across U.S. states over the 1980s and 1990s with … facing each individual bank. We find that regulatory-induced competition reduced liquidity creation. Consistent with some …Does an intensification of competition among banks increase or decrease liquidity creation? By integrating the dynamic …
Persistent link: https://www.econbiz.de/10012993246
Although policymakers often discuss tradeoffs between bank competition and stability, past research provides differing … competition materially boosts bank risk. With respect to the mechanisms, we find that competition reduces bank profits, charter … theoretical perspectives and empirical results on the impact of competition on risk. In this paper, we employ a new approach for …
Persistent link: https://www.econbiz.de/10012964890
Using comprehensive loan-level data in China, we investigate how the deregulation on bank entry barriers alters local … deregulation are adversely mitigated by entrant banks’ preferences for lending to SOEs over more productive private firms. This …
Persistent link: https://www.econbiz.de/10014256421
take advantage of recent developments in the analysis of entry and competition among differentiated firms. They test and …
Persistent link: https://www.econbiz.de/10013243919
under competition with non-deceptive counterfeiting and deceptive counterfeiting, respectively, as well as under monopoly …
Persistent link: https://www.econbiz.de/10013064590
This article examines patterns of entry and exit in a relatively homogeneous product market to investigate the impact of entry on incumbent firms and market structure. In particular, we are interested in whether the organizational form of entrants matters for the competitive decisions of...
Persistent link: https://www.econbiz.de/10012984743
We show that demand uncertainty leads to vertical product differentiation even when consumers are homogeneous. When a firm anticipates that its inventory or capacity may not be fully utilized, product variety can reduce its expected costs of excess capacity. When the firm offers a continuum of...
Persistent link: https://www.econbiz.de/10013311662
corresponding new measures of industry competition where firms can have their own distinct set of competitors. Our new sets of … industry competitors better explain specific discussion of high competition by management, rivals identified by managers as …
Persistent link: https://www.econbiz.de/10013143460
This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long-term contracts, have less incentive to raise wholesale prices when retail prices are determined beforehand. For three restructured markets, we simulate prices that define...
Persistent link: https://www.econbiz.de/10012775797