As in other sectors, competition in finance matters for allocative, productive and dynamic efficiency. Theory suggests …, however, that unfettered competition is not first best given the special features of finance. I review these analytics and … describe how to assess the degree of competition in markets for financial services. Existing research shows that the degree of …

This technical note analyzes the competition in the banking sector in Denmark. It reveals that Denmark has a fairly …

Traditional bank competition policy seeks to balance efficiency with incentives to take risk. The main tools are rules … seek to affect the degree of competition by focusing on market structure (i.e. concentration) may have limited effect. We … argue that bank competition policy should be reoriented to deal with the too-big-to-fail (TBTF) problem. It should also …

The paper assesses the degree of banking competition and efficiency in Italy?over time as well as compared to that in … other countries, such as France, Germany, Spain, the United Kingdom, and the United States. The paper finds competition in …. The degree of competition falls within the range of estimates for a set of comparator countries. Greater contestability …

This paper examines the main determinants of firms tax evasion and corruption in the formal industrial sector. In our … model psychological morale of bureaucratic agents are important to explain corruption.It is shown that the presence of rents … linked to favoritism and patronage practices is fundamental in fostering corruption. Therfore, this endemic corruption can …

We review the enforcement of competition policy and the activities of Turkish Competition Authority during 1997 … investigations by industry, violations found, and penalties imposed. Competition Authority has been stretched in terms of manpower as … salient cases handled concerned infringement of competition, while a rather lenient position was taken in authorizing mergers …

Wettbewerb und limitieren die Nutzung des Preises als wichtigster Wettbewerbsparameter. Eine effektive kurzfristige Absenkung der …