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This paper empirically examines the effects of discriminatory fees on ATM investment and welfare, and considers the … role of coordination in ATM investment between banks. Our main findings are that foreign fees tend to reduce ATM … availability and (consumer) welfare, whereas surcharges positively affect ATM availability and the different welfare components …
Persistent link: https://www.econbiz.de/10011506704
This paper empirically examines the effects of discriminatory fees on ATM investment and welfare, and considers the … role of coordination in ATM investment between banks. Our main findings are that foreign fees tend to reduce ATM … availability and (consumer) welfare, whereas surcharges positively affect ATM availability and the different welfare components …
Persistent link: https://www.econbiz.de/10013137922
often also that consumers make the proper usage decisions. This paper studies investment and usage in a shared ATM network … with partial incompatibility. Furthermore, we find that consumer usage of the available ATM network is too low because of …. Because all banks coordinate their ATM investment decisions, there is no strategic but only a pure cost-saving incentive to …
Persistent link: https://www.econbiz.de/10012709186
This paper empirically examines the effects of discriminatory fees on ATM investment and welfare, and considers the … role of coordination in ATM investment between banks. Our main findings are that foreign fees tend to reduce ATM … availability and (consumer) welfare, whereas surcharges positively affect ATM availability and the different welfare components …
Persistent link: https://www.econbiz.de/10011597034
This paper empirically examines the effects of discriminatory fees on ATM investment and welfare, and considers the … role of coordination in ATM investment between banks. Our main findings are that foreign fees tend to reduce ATM … availability and (consumer) welfare, whereas surcharges positively affect ATM availability and the different welfare components …
Persistent link: https://www.econbiz.de/10008463991
This paper examines the effects of bank relationships on underwriter choice in the Japanese corporate-bond market following the 1993 deregulation. Bank relationships have significant positive effects on a firm's underwriter choice. Relationship firms receive a small but significant fee discount...
Persistent link: https://www.econbiz.de/10012778309
This paper studies the effect of bank relationships on underwriter choice in the U.S. corporate-bond underwriting market following the 1989 commercial-bank entry. I find that bank relationships have positive and significant effects on a firm's underwriter choice, over and above their effects on...
Persistent link: https://www.econbiz.de/10012783840
In the European Union, energy markets are increasingly being liberalized. A case in point is the European natural gas industry. The general expectation is that more competition will lead to lower prices and higher volumes, and hence higher welfare. This paper indicates that this might not happen...
Persistent link: https://www.econbiz.de/10003857130
In the European Union, energy markets are increasingly being liberalized. A case in point is the European natural gas industry. The general expectation is that more competition will lead to lower prices and higher volumes, and hence higher welfare. This paper indicates that this might not happen...
Persistent link: https://www.econbiz.de/10013316347
One result of the deregulation of utilities in New Zealand has been the bypass of existing networks. We investigate two cases of bypass in the distribution of natural gas, and compare the welfare properties of regulation vs.\ the `laissez-faire' equilibrium. We demonstrate that installing a...
Persistent link: https://www.econbiz.de/10005702578