one large, universal bank remained. We explore the extent to which that merger resulted in monopoly rents for the combined …

percent increase in operating efficiency, achieved primarily by reducing the frequency and duration of reactor outages. At … average wholesale prices the value of this increased efficiency is approximately $2.5 billion annually and implies an annual …

-Neal Interstate Banking and Branching Efficiency Act of 1994 removed many of the restrictions on opening bank branches across state … lines. We interpret the Riegle-Neal act as lowering the cost of expanding a bank's funding base. In this paper, we build an …

important role in the mergers and acquisitions (M&As), though its attempt does not seem to have been successful. The efficiency …

Motivated by public policy debates about bank consolidation and conflicting theoretical predictions about the … relationship between the market structure of the banking industry and bank fragility, this paper studies the impact of bank … concentration, bank regulations, and national institutions on the likelihood of suffering a systemic banking crisis. Using data on …

. Second, did diffuse ownership systematically alter bank risk taking? It did. Banks with less concentrated ownership followed …