demand and pricing equations are also estimated to separate network differentiation effects from collusion in loan and … with predictions concerning the technological transformation of services' delivery in banking. Differentiation is found to …The paper presents a method of measuring bank differentiation in terms of branch and ATM networks and uses the measures …

sustainability of collusion. In an infinitely repeated game framework, we show that the bundling strategy of the entrant might hinder … collusion. Furthermore, we consider a setting in which the competitor uses a one-way access that the incumbent possesses. In … of collusion. This result has an important policy implication. …

following ideas: (a) for success, differentiation is a strategic imperative, (b) the viability of a firm is seriously threatened … a market with low levels of differentiation is often evidence of collusive behaviour. These ideas are based on analysis …

sustainability of collusion in an infinitely repeated game framework. We show that the bundling strategy of the entrant might hinder … collusion. Futhermore, we consider a setting in which the entrant uses a one-way access that the incumbent possesses. In such … might increase the feasibility of collusion. This result has an important policy implication. …

insight holds across any industry, we study this question with an application to the banking sector, in light of the recent …