Dai, Mian; Yuan, Yuan - In: Journal of Banking & Finance 37 (2013) 12, pp. 4907-4919
We empirically quantify the welfare implications of bank entry in the United States between 2000 and 2008. We use a … market outcomes. We find no evidence for under- or over-entry. Compared with the socially efficient outcome, there is a mild … significantly improves welfare under free entry. …