This paper extends Boone (2008) by introducing a competition measure at the individual firm level rather than for an … and measures competition vis-à-vis other market participants. We apply this extended Boone indicator to individual bank …-level competition in the loan market in the four largest euro area countries and Austria. The MRP distribution is skewed to the left and …

This study empirically analyses the links between banking competition and manufacturing productivity growth for a … banking competition is fiercer. We explain this result with the fact that bank market power, i.e., low competition, would …

This paper develops a framework for investigating dynamic competition in markets where price is negotiated between an … capture key market features. We estimate the model and use it to investigate (i) the effects of dynamic competition on …

The relationships among competition in the financial sector, access of firms to external financing, and associated … economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper … Claessens and Laeven first estimate for 16 countries a measure of banking system competition based on industrial organization …

This paper investigates whether greater competition increases or decreases individual bank and banking system risk …. Using a new text-based measure of competition, and an instrumental variables analysis that exploits exogenous variation in … bank deregulation, we provide robust evidence that greater competition increases both individual bank risk and a bank …

This paper investigates whether greater competition increases or decreases individual bank and banking system risk …. Using a new text-based measure of competition, and an instrumental variables analysis that exploits exogenous variation in … bank deregulation, we provide robust evidence that greater competition increases both individual bank risk and a bank …

runs, and face a threat of entry. We show how shocks that increase bank competition or bank transparency increase deposit … rates, costly withdrawals, and thus bank fragility. Therefore, perfect competition is not socially optimal. We also propose …