Market Size, Service Quality, and Competition in Banking

作者: ASTRID A. DICK

DOI: 10.1111/J.0022-2879.2007.00003.X

关键词:

摘要: Local banking markets depict enormous variation in population size. Yet this paper finds that the nature of bank competition across is strikingly similar. First, remain similarly concentrated regardless Second, number dominant banks roughly constant different size; it fringe increases with market Third, service quality larger and higher for banks. The findings suggest use fixed-cost investments to capture additional demand when size grows, thereby raising barriers entry.

参考文章(16)
Timothy H. Hannan, , Retail Fees of Depository Institutions, 1994-99 Federal Reserve Bulletin. ,vol. 87, pp. 0- 0 ,(2001) , 10.17016/BULLETIN.2001.87-1
Allen N. Berger, John H. Leusner, John J. Mingo, The efficiency of bank branches Journal of Monetary Economics. ,vol. 40, pp. 141- 162 ,(1997) , 10.1016/S0304-3932(97)00035-4
Avner Shaked, John Sutton, Product differentiation and industrial structure ,(1985)
Timothy H. Hannan, Robin A. Prager, The competitive implications of multimarket bank branching Journal of Banking and Finance. ,vol. 28, pp. 1889- 1914 ,(2001) , 10.1016/J.JBANKFIN.2003.06.006
RICHARD L. SMITH, Maximum likelihood estimation in a class of nonregular cases Biometrika. ,vol. 72, pp. 67- 90 ,(1985) , 10.1093/BIOMET/72.1.67
Andrew Cohen, Michael J. Mazzeo, Investment Strategies and Market Structure: An Empirical Analysis of Bank Branching Decisions Journal of Financial Services Research. ,vol. 38, pp. 1- 21 ,(2010) , 10.1007/S10693-010-0082-7
STEVEN BERRY, JOEL WALDFOGEL, PRODUCT QUALITY AND MARKET SIZE Journal of Industrial Economics. ,vol. 58, pp. 1- 31 ,(2010) , 10.1111/J.1467-6451.2010.00404.X
Allen N. Berger, Loretta J. Mester, Inside the black box: What explains differences in the efficiencies of financial institutions? Journal of Banking & Finance. ,vol. 21, pp. 895- 947 ,(1997) , 10.1016/S0378-4266(97)00010-1
Astrid A. Dick, Demand estimation and consumer welfare in the banking industry Journal of Banking and Finance. ,vol. 32, pp. 1661- 1676 ,(2002) , 10.1016/J.JBANKFIN.2007.12.005