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Dynamic competition in negotiated price markets

Allen, Jason; Li, Shaoteng - 2020 - Last updated: June 4, 2020

individual customer and multiple firms repeatedly. Using contractlevel data for the Canadian mortgage market, we provide evidence …

Persistent link: https://www.econbiz.de/10012243350

Mortgage Markets with Lender Competition and Asymmetric Information

Bandeh-Ahmadi, Ayeh - 2015

amongst mortgage lenders and adds the idea of lender competition into this framework. Despite this addition, the results are … loans, selling most of their mortgages and making less profit off each mortgage while concentrated lenders do the opposite …

Persistent link: https://www.econbiz.de/10013027213

Do Fintech Shadow Banks Compete with Technological Advantages? Evidence from Mortgage Lending

Shen, Siyi; Wang, Sijie; Zheng, Xiang - 2022

Contrary to common perceptions, we find that fintech shadow banks do not possess technological advantages over traditional banks, which have had significantly more patent output and technology-based talent (digital capital) acquisitions over the past decade. Consequently, although fintech shadow...

Persistent link: https://www.econbiz.de/10014236486

State-aided price coordination in the dutch mortgage market

Dijkstra, Mark A.; Schinkel, Maarten-Pieter - 2019 - Revision: July 2019

mortgage providers but the largest bank shifted the Dutch mortgage market from a competitive to a collusive price leadership … equilibrium. In May 2009, mortgage rates in The Netherlands suddenly rose against the decreasing funding cost trend to almost a …, and estimate response adjustments in cointegrating equations on a large data set of daily mortgage rates 2004 …

Persistent link: https://www.econbiz.de/10011979609

Natural monopoly and distorted competition : evidence from unbundling fiber-optic networks

Minamihashi, Naoaki - 2012

Can regulation solve problems arising from a natural monopoly? This paper analyzes whether "unbundling", referring to regulations that enforce sharing of natural monopolistic infrastructure, prevents entrants from building new infrastructure. It models and estimates a dynamic entry game to...

Persistent link: https://www.econbiz.de/10009583696

Regulation and competition in German banking : an assessment

Fischer, Karl-Hermann; Pfeil, Christian M. - 2003

In Germany a public discussion on the power of banks has been going on for decades now with the term power having at least two meanings. On the one hand, it denotes the power of banks to control public corporations through direct shareholdings or the exercise of proxy votes this is the power of...

Persistent link: https://www.econbiz.de/10009765356

Banking Competition and Shrouded Attributes : Evidence from the US Mortgage Market

Agarwal, Sumit - 2020

We document that banking deregulation leads banks to offer lower initial rates on adjustable-rate mortgages to attract borrowers, but banks also shroud these contracts by increasing back-loaded resetting rates. More shrouding can be explained by higher proportion of naïve borrowers following...

Persistent link: https://www.econbiz.de/10012854765

Bank Competition, Risk Taking, and Their Consequences : Evidence from the U.S. Mortgage and Labor Markets

Feng, Alan - 2018

-level U.S. mortgage data by exploiting the exogenous variation in local house price volatility. The paper finds that, in … response to high expected house price volatility, banks in U.S. counties with a competitive mortgage market lowered lending …

Persistent link: https://www.econbiz.de/10012912505

Does the Market Understand Rating Shopping? Predicting MBS Losses with Initial Yields

He, Jie - 2016

We study rating shopping on the MBS market. Outside of AAA, losses were higher on single-rated tranches than multi-rated ones, and yields predict future losses for single-rated tranches but not for multi-rated ones. Conversely, ratings have less explanatory power for single-rated tranches. These...

Persistent link: https://www.econbiz.de/10013007289

Competition and Risk Factors in Mortgage Lending : The Federal Housing Administration’s Evolving Role in the Primary Market

Smith, Brent C. - 2015

Administration (FHA) in the primary mortgage market. Utilizing a sample of loan originations aggregated at the zip code level, the …

Persistent link: https://www.econbiz.de/10013039120

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