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We ask whether Israeli banks lost market power as a consequence of financial liberalization, despite the fact that the banking industry remained highly concentrated. We estimate a "monopoly power" conduct parameter and a "monopsony power" conducte parameter, jointly, for the non-indexed local...
Persistent link: https://www.econbiz.de/10005489259
effect on the degree of competition in the banking industry. …
Persistent link: https://www.econbiz.de/10005736214
The aim of the study is to estimate the level of competition and concentration in the Polish banking sector in 1997 …) have been used for the evaluation of competition. Concentration in the Polish banking industry was analysed by using … the degree of competition in the Polish banking market in the period between 1997-2007 followed a slight upward trend …
Persistent link: https://www.econbiz.de/10010615407
The aim of this analysis is to assess the changes in the measures of competition of the Polish banking sector in the … competition measurement in the banking sector (the Industrial Organisation Approach to Banking). In this paper three models have … been used for the evaluation of competition: the Panzar and Rosse model (P-R), the Lerner index (LI) and the Boone …
Persistent link: https://www.econbiz.de/10010576073
In this paper we develop an empirical two-stage model of price competition for the banking industry that incorporates …–Nash equilibrium, and support the rejection of the simple one-stage specification, which underestimates the degree of competition. In …
Persistent link: https://www.econbiz.de/10010580949
credit risk. We then test the implications of our model by using a 2005 survey with responses from 9,655 firms in 26 …
Persistent link: https://www.econbiz.de/10008925048
In this paper we develop an empirical two-stage model of competition for the banking industry that incorporates the … rejection of the simple one-stage specification, which underestimates the degree of competition. In the Fudenberg and Tirole …
Persistent link: https://www.econbiz.de/10009018879
In this paper we assess the impact of multimarket contact of banks on their market power by means of a simultaneous equation model, in which the divergence of price from marginal cost is a function of multimarket linkages. The model is estimated using aggregate data from the Italian regions for...
Persistent link: https://www.econbiz.de/10011048447
On May 11-12, 2011, SUERF, the Belgian Financial Forum, the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) jointly organised the 29th SUERF Colloquium New paradigms in money and finance? The papers included in this SUERF Study are based on contributions to the...
Persistent link: https://www.econbiz.de/10011070913
the corresponding credit risk. We test these implications of our model by using a 2005 survey with responses from 9 …
Persistent link: https://www.econbiz.de/10011092691