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Consolidation of Banks in Japan : Causes and Consequences
Hosono, Kaoru - 2007
We investigate the motives and consequences of the consolidation of banks in Japan during the period of fiscal year 1990-2004 using a comprehensive dataset. Our analysis suggests that the government's too-big-to-fail policy played an important role in the mergers and acquisitions (M&As), though...
Persistent link: https://www.econbiz.de/10012465251
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Bank Market Power and Monetary Policy Transmission : Evidence from a Structural Estimation
Wang, Yifei - 2020
-through of these costs to borrowers and depositors, while facing capital and reserve regulation. We find that bank market power …We quantify the impact of bank market power on monetary policy transmission through banks to borrowers. We estimate a … dynamic banking model in which monetary policy affects imperfectly competitive banks' funding costs. Banks optimize the pass …
Persistent link: https://www.econbiz.de/10012481840
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The Gains and Losses From Industrial Concentration
Peltzman, Sam - 1977
In essence, this paper will try to decompose the concentration-profits relationship into separate concentration-price arid concentration-cost relationships. By doing this, I hope to shed light on some of the allocative and distributive issues that, I suspect, give the subject its intrinsic...
Persistent link: https://www.econbiz.de/10012478966
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Low Interest Rates, Market Power, and Productivity Growth
Liu, Ernest - 2019
This study provides a new theoretical result that low interest rates encourage market concentration by raising industry leaders' incentive to gain a strategic advantage over followers, and this effect strengthens as the interest rate approaches zero. The model provides a unified explanation for...
Persistent link: https://www.econbiz.de/10012479461
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The "Matthew Effect" and Market Concentration : Search Complementarities and Monopsony Power
Fernández-Villaverde, Jesús; Mandelman, Federico S.; … - National Bureau of Economic Research - 2021
. Reductions in search costs increase market concentration, lower the labor income share, and increase wage inequality …
Persistent link: https://www.econbiz.de/10012482710
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Did the HMO Revolution Cause Hospital Consolidation?
Town, Robert - 2005
During the 1990s US healthcare markets underwent a significant transformation. Managed care rose to become the dominant form of insurance in the private sector. Also, a wave of hospital consolidation occurred. In 1990, the mean population-weighted hospital Herfindahl-Hirschman Index (HHI) in a...
Persistent link: https://www.econbiz.de/10012467598
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The Fall of the Labor Share and the Rise of Superstar Firms
Autor, David - 2017
The fall of labor's share of GDP in the United States and many other countries in recent decades is well documented but its causes remain uncertain. Existing empirical assessments of trends in labor's share typically have relied on industry or macro data, obscuring heterogeneity among firms. In...
Persistent link: https://www.econbiz.de/10012455285
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Concentrating on the Fall of the Labor Share
Autor, David - 2017
The recent fall of labor's share of GDP in numerous countries is well-documented, but its causes are poorly understood. We sketch a "superstar firm" model where industries are increasingly characterized by "winner take most" competition, leading a small number of highly profitable (and low labor...
Persistent link: https://www.econbiz.de/10012455573
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Concentration, Market Power, and Misallocation : The Role of Endogenous Customer Acquisition
Afrouzi, Hassan; Drenik, Andres; Kim, Ryan - National Bureau of Economic Research - 2023
This paper explores how different margins of market share are related to markups. Using merged microdata on producers and consumers, we document that a firm's market share is mainly related to its number of customers, while its price-cost markup is associated only with its average sales per...
Persistent link: https://www.econbiz.de/10014322802
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Paying the Piper : The High Cost of Funerals in South Africa
Case, Anne - 2008
We analyze funeral arrangements following the deaths of 3,751 people who died between January 2003 and December 2005 in the Africa Centre Demographic Surveillance Area. We find that, on average, households spend the equivalent of a year's income for an adult's funeral, measured at median per...
Persistent link: https://www.econbiz.de/10012464191