منابع مشابه
Spatial competition and market power in banking
Banks in non-metropolitan areas compete in a spatially differentiated environment. Non-metro community banks have been insulated from increasing competition from metro banks due to their reliance on soft information in relationship lending. Proximity to borrowers, therefore, may be an important source of market power for non-metro community banks. This paper estimates a structural model of the ...
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We consider a pollution permits market in which there are a large polluting firm plays and a fringe of competitive firms. To smooth compliance towards the longrun emissions goal, firms are initially allocated a stock (i.e., bank) of permits to be gradually consumed. We first show how the large firm can credibly manipulate the spot market in subgame-perfect equilibrium. Motivated by features obs...
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The purpose of this paper is to examine the degree and art of competition in a domestic bank market. It is the first attempt to use the oligopoly model developed in Oxenstierna (1998) in empirical research. A quasi multi-product (loans and deposits) banking application of that paper’s basic game theoretic model is developed, allowing for asymmetries in cost levels and two different types of pro...
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The main objective of this paper is to evaluate the structure of the Iranian banking system and to measure the market power factor based on the Boone approach. In this paper, we investigated the Iranian organized money market, including 18 banks operating in the period of 2008-2015. To calculate the marginal cost (MC), we used a Translog Stochastic Frontier Cost Function. Findings based on the ...
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In this paper, we investigate the effect of market power on the equilibrium path of an emission permits market in which firms can bank current permits for use in later periods. In particular, we study the market equilibrium for a large (potentially dominant) firm and a competitive fringe with rational expectations. We characterize the equilibrium solution for different permits allocations. We f...
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ژورنال
عنوان ژورنال: Buletin Ekonomi Moneter dan Perbankan
سال: 2012
ISSN: 2460-9196,1410-8046
DOI: 10.21098/bemp.v14i3.403