Kumbhakar, Subal; Lozano-Vivas, Ana - In: Applied Financial Economics 14 (2004) 7, pp. 507-515
Modelling and testing whether competitive pressures driven by deregulatory changes make markets more competitive are examined. Departures from competitive markets are modelled via mark-up prices. Empirically, a panel data is used on Spanish savings banking industry that is undergoing...