-7% higher without divestitures. Up to 30% savings could have been obtained in Latin America by emulating the pro-competition …

We examine the stock price reaction of rival firms to privatization announcements to infer information about industry … effects of privatization. We find that the rival firms reacted negatively to privatization announcements, thus suggesting that … find that the adverse reaction of the rival firms to privatization announcements in developing countries is stronger than …

given by testing a monopolistic competition model of bank branching behaviour on individual bank data at county level …This paper analyses the relation between competition and concentration in the banking sector. The empirical answer is … among incumbent banks on competition and discuss when, depending on the pre-merger structure of the market and geographic …