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| Author: | Bikker, J.A. Haaf, K. |
| Title: | Competition, concentration and their relationship: An empirical analysis of the banking industry |
| Journal: | Journal of Banking and Finance
2002 : NOV, VOL. 26:11, p. 2191-2214 |
| Index terms: | Banking Competition Industrial concentration Europe Asia USA |
| Language: | eng |
| Abstract: | This article examines competitive conditions and market structure in the banking industry, investigating their interrelationship. Competition is measured using the Panzar-Rosse model. In order to distinguish competitive behaviour on local, national and international markets, for each country, three subsamples are taken: small or local banks, medium-sized banks and large or international banks. For all 23 countries considered, estimations indicate monopolistic competition, competition being weaker in local markets and stronger in international markets. Subsequently, a relationship for the impact of the market structure on competition is derived and tested empirically, providing support for the conventional view that concentration impairs competitiveness. |
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