Risk analysis depends to a large extent on the type of data. Aggregate data can serve as a useful surrogate for individual data. However, in practice, there is uncertainty on the reliability and adequacy of aggregated data. In this paper we estimate the Herfindahl-Hirschman Index (HHI) for a loan portfolio using both aggregate data and individual data. Then, we compare both estimates to assess ...

Consumer search is analysed in a cross-sector study of six markets in the US, Germany and UK using online panel data. Two constructs are used to measure the search process: the consideration set and use of price comparison engines. The consideration sets range from 2.3 to 3.1 in the US, from 2.3 to 2.6 in Germany and from 2.6 to 3.2 in the UK, regardless of the use of price comparison engines. ...