Multimarket Competition in Banking With Application to Portugal
Autor(a) principal: | |
---|---|
Data de Publicação: | 1994 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/85989 |
Resumo: | Bank activities usually span over several markets and branches. The multi.location nature of the bank may originate equilibrium price dispersion. The implication of it for applied work of market power measurement in the banking industry are investigated. The aim of the paper is to evaluate how a spatial model can explain price differences across banks in the deposits market. Also of interest is the identification of a general pattern of conduct in the market, that is, how collusive is market equilibrium. An application to Portuguese commercial banking is reported. The results show a satisfactory performance of the spatial framework. As to conduct, Nash behavior for all banks and collusion among firms of the same economic group receive support from the data, although the evidence in favor of the first is stronger. Market-wide collusion is rejected as description of oligopolistic interaction. |
id |
RCAP_86d0f61e34bcba3b610932a050b42aa0 |
---|---|
oai_identifier_str |
oai:run.unl.pt:10362/85989 |
network_acronym_str |
RCAP |
network_name_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository_id_str |
7160 |
spelling |
Multimarket Competition in Banking With Application to PortugalBank activities usually span over several markets and branches. The multi.location nature of the bank may originate equilibrium price dispersion. The implication of it for applied work of market power measurement in the banking industry are investigated. The aim of the paper is to evaluate how a spatial model can explain price differences across banks in the deposits market. Also of interest is the identification of a general pattern of conduct in the market, that is, how collusive is market equilibrium. An application to Portuguese commercial banking is reported. The results show a satisfactory performance of the spatial framework. As to conduct, Nash behavior for all banks and collusion among firms of the same economic group receive support from the data, although the evidence in favor of the first is stronger. Market-wide collusion is rejected as description of oligopolistic interaction.Nova SBERUNBarros, Pedro Pita2019-10-31T14:51:05Z1994-021994-02-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/85989engBarros, Pedro P., Multimarket Competition in Banking With Application to Portugal (February, 1994). FEUNL Working Paper Series No. 215info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:38:44Zoai:run.unl.pt:10362/85989Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:36:40.772577Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Multimarket Competition in Banking With Application to Portugal |
title |
Multimarket Competition in Banking With Application to Portugal |
spellingShingle |
Multimarket Competition in Banking With Application to Portugal Barros, Pedro Pita |
title_short |
Multimarket Competition in Banking With Application to Portugal |
title_full |
Multimarket Competition in Banking With Application to Portugal |
title_fullStr |
Multimarket Competition in Banking With Application to Portugal |
title_full_unstemmed |
Multimarket Competition in Banking With Application to Portugal |
title_sort |
Multimarket Competition in Banking With Application to Portugal |
author |
Barros, Pedro Pita |
author_facet |
Barros, Pedro Pita |
author_role |
author |
dc.contributor.none.fl_str_mv |
RUN |
dc.contributor.author.fl_str_mv |
Barros, Pedro Pita |
description |
Bank activities usually span over several markets and branches. The multi.location nature of the bank may originate equilibrium price dispersion. The implication of it for applied work of market power measurement in the banking industry are investigated. The aim of the paper is to evaluate how a spatial model can explain price differences across banks in the deposits market. Also of interest is the identification of a general pattern of conduct in the market, that is, how collusive is market equilibrium. An application to Portuguese commercial banking is reported. The results show a satisfactory performance of the spatial framework. As to conduct, Nash behavior for all banks and collusion among firms of the same economic group receive support from the data, although the evidence in favor of the first is stronger. Market-wide collusion is rejected as description of oligopolistic interaction. |
publishDate |
1994 |
dc.date.none.fl_str_mv |
1994-02 1994-02-01T00:00:00Z 2019-10-31T14:51:05Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/85989 |
url |
http://hdl.handle.net/10362/85989 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Barros, Pedro P., Multimarket Competition in Banking With Application to Portugal (February, 1994). FEUNL Working Paper Series No. 215 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Nova SBE |
publisher.none.fl_str_mv |
Nova SBE |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
|
_version_ |
1799137984486834176 |