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| Author: | Berger, A. Hannan, T. |
| Title: | The efficiency cost of market imperfections: a switching regression approach using US firm panel data |
| Journal: | Review of Economics and Statistics
1998 : AUG, VOL. 80:3, p. 454-465 |
| Index terms: | STATISTICS BANKING EFFICIENCY |
| Language: | eng |
| Abstract: | Traditional concerns about concentration in product markets have centered on the social loss associated with the mispricing that occurs when market power is exercised. This paper focuses on a potentially greater loss from market power -- a reduction in cost efficiency brought about by the lack of market discipline in concentrated markets. The authors employ data from the commercial banking industry. |
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