This paper demonstrates that the level of competition in the existing Panzar Rosse (P-R) literature is systematically … overestimated and that the tests on both monopoly and perfect competition are distorted. This is due to the use of bank revenues … and empirical evidence to illustrate the impact of the misspecification on the estimation of competition and the …

derived from imperfect competition in markets for financial services is implied, which banks exercise vis-à-vis their loan and … deposit customers. In the past, bank regulation has often been blamed for undermining competition and the functioning of … industry, competition and regulation are deeply interrelated as most regulatory institutions, even if they do not explicitly …

This paper is the first detailed and world-wide investigation of the developments in banking competition during the … the banking industry. The changes in competition over time are small on average, but substantial for several countries and … regions. Various Western economies faced a significant decline in banking competition during recent years. In particular, the …

This empirical paper adds to competition and industrial organization literature by exploring the interplay between … markets to be ruled by monopolistic competition, although estimation by revenue-equation does not reject monopoly hypothesis … competitiveness of the given regional market, and the results from non-structural methods of estimation suggest that bank competition …

-taking. As market power is the primary source of franchise value, reduced competition in banking markets has been seen as …

A growing body of literature indicates that competition increases bank soundness. Applying an industrial organization … role in the transmission from competition to soundness. We use a twopronged approach. First, we employ Granger causality … tests to establish the link between competition and measures of profit efficiency in banking, and find that competition …

This paper analyses the relation between competition and concentration in the banking sector. The empirical answer is … given by testing a monopolistic competition model of bank branching behaviour on individual bank data at county level … among incumbent banks on competition and discuss when, depending on the pre-merger structure of the market and geographic …