Brissimis, Sophocles N.; Delis, Manthos D. - In: European Journal of Operational Research 212 (2011) 3, pp. 508-517
The aim of this study is to provide an empirical methodology for the estimation of market power of individual banks. The new method employs the well-known model of Panzar and Rosse (1987) and proposes its estimation using the local regression technique. Local regression yields coefficient...