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costs and market equilibrium to infer the degree of competition. Our theoretical findings are confirmed by an empirical … analysis of competition in banking, using a sample containing more than 100,000 bank-year observations on more than 17 …
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This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This … approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … competition can consider the entire banking market only. A caveat of the Boone-indicator may be that it assumes that banks …
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