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Theoretically, if firms face a regulatory per-customer quantity limit, they should have an incentive to discriminatively charge high-demand customers higher prices and make them just willing to buy a quantity equal to the limit. In the U.S. residential mortgage industry, mortgages with...
Persistent link: https://www.econbiz.de/10012844370
This paper evaluates the recent literature claiming that the US economy has generally become less competitive causing the US economy to perform poorly and that lax antitrust policy is one important reason for the decline in economic performance. Although there certainly are empirical facts...
Persistent link: https://www.econbiz.de/10012829706
This study examines the change in entering class median LSAT, a key input into the U.S. News & World Report rankings, between 1993 and 2004. Using multivariate regression analysis, the authors model several factors that can influence the direction and magnitude of this change. The study presents...
Persistent link: https://www.econbiz.de/10014065022
In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a substantial mortgage lender. In fact, ten years...
Persistent link: https://www.econbiz.de/10011689937
In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a substantial mortgage lender. In fact, ten years...
Persistent link: https://www.econbiz.de/10011705347
dramatically overlooking the fundamental role of capital in banking. The central conclusion is that the Northern Rock crisis was a … information flows it receives through its regular contact with financial markets and institutions. The issue of banking law reform … the issue of whether this might be premature in an increasingly cross-border banking system. He further argues that the …
Persistent link: https://www.econbiz.de/10004982519
Persistent link: https://www.econbiz.de/10011567208
The quiet life hypothesis posits that firms with market power incur inefficiencies rather than reap monopolistic rents. We propose a simple adjustment to Lerner indices to account for the possibility of foregone rents to test this hypothesis. For a large sample of U.S. commercial banks, we find...
Persistent link: https://www.econbiz.de/10013091702
In this paper, we specify a Random Utility Model of Demand for Deposits inthe U.S. Banking Industry, assessing its …
Persistent link: https://www.econbiz.de/10014215546
This would seem an opportune moment to reshape banking systems in the Americas. But any effort to rethink and improve … banking must acknowledge three major barriers. The first is a crisis of vision: there has been too little consideration of … what kind of banking system would work best for national economies in the Americas. The other two constraints are …
Persistent link: https://www.econbiz.de/10010281752