Recently, massive bank exits have begun to be observed around the world. What is the effect of such bank behavior on … the market power of the remaining banks and on competition between rivals? Do financial crises change this relationship … countries. We find that the impact of bank exits on the market power of other banks is non-linear, shaped like a U …

reconcile these findings by linking part of the increase in domestic concentration to import competition. Although concentration … increase. We find that higher import competition caused a decline in the market shares of the top twenty U.S. firms. …