메뉴 건너뛰기




Volumn 33, Issue 7, 2009, Pages 1196-1210

Market power in local banking monopolies

Author keywords

Banking; Conduct; Market structure; Monopoly

Indexed keywords


EID: 64049106894     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbankfin.2008.12.013     Document Type: Article
Times cited : (87)

References (76)
  • 1
    • 33750865438 scopus 로고    scopus 로고
    • Market structure and competitive conditions in the Arab GCC banking system
    • Al-Muharrami S., Matthews K., and Khabari Y. Market structure and competitive conditions in the Arab GCC banking system. Journal of Banking and Finance 30 (2006) 3487-3501
    • (2006) Journal of Banking and Finance , vol.30 , pp. 3487-3501
    • Al-Muharrami, S.1    Matthews, K.2    Khabari, Y.3
  • 2
    • 38249032638 scopus 로고
    • The oligopoly solution tested
    • Alexander D.L. The oligopoly solution tested. Economic Letters 28 (1988) 361-364
    • (1988) Economic Letters , vol.28 , pp. 361-364
    • Alexander, D.L.1
  • 3
    • 0141872560 scopus 로고    scopus 로고
    • The effects of regulatory reform on competition in the banking industry
    • Angelini P., and Cetorelli N. The effects of regulatory reform on competition in the banking industry. Journal of Money Credit and Banking 35 (2003) 663-684
    • (2003) Journal of Money Credit and Banking , vol.35 , pp. 663-684
    • Angelini, P.1    Cetorelli, N.2
  • 4
    • 0040093583 scopus 로고    scopus 로고
    • Availability and cost of credit for small businesses: Customer relationships and credit cooperatives
    • Angelini P., Di Salvo R., and Ferri G. Availability and cost of credit for small businesses: Customer relationships and credit cooperatives. Journal of Banking and Finance 22 (1998) 925-954
    • (1998) Journal of Banking and Finance , vol.22 , pp. 925-954
    • Angelini, P.1    Di Salvo, R.2    Ferri, G.3
  • 5
    • 0003063602 scopus 로고
    • Testing price taking behaviour
    • Appelbaum E. Testing price taking behaviour. Journal of Econometrics 9 (1979) 283-294
    • (1979) Journal of Econometrics , vol.9 , pp. 283-294
    • Appelbaum, E.1
  • 6
    • 49049139094 scopus 로고
    • The estimation of the degree of oligopoly
    • Appelbaum E. The estimation of the degree of oligopoly. Journal of Econometrics 19 (1982) 287-299
    • (1982) Journal of Econometrics , vol.19 , pp. 287-299
    • Appelbaum, E.1
  • 7
    • 84948868795 scopus 로고
    • Relation of profit rate to industrial concentration: American manufacturing, 1936-40
    • Bain J.S. Relation of profit rate to industrial concentration: American manufacturing, 1936-40. Quarterly Journal of Economics 65 (1951) 293-324
    • (1951) Quarterly Journal of Economics , vol.65 , pp. 293-324
    • Bain, J.S.1
  • 8
    • 21344477870 scopus 로고
    • Oligopolistic interdependence and the structure of production in banking: An empirical evaluation
    • Berg S.A., and Kim M. Oligopolistic interdependence and the structure of production in banking: An empirical evaluation. Journal of Money, Credit, and Banking 26 (1994) 309-322
    • (1994) Journal of Money, Credit, and Banking , vol.26 , pp. 309-322
    • Berg, S.A.1    Kim, M.2
  • 9
    • 0043246810 scopus 로고
    • The profit-structure relationship in banking. Tests of market-power and efficient-structure hypotheses
    • Berger A.N. The profit-structure relationship in banking. Tests of market-power and efficient-structure hypotheses. Journal of Money, Credit, and Banking 27 (1995) 404-431
    • (1995) Journal of Money, Credit, and Banking , vol.27 , pp. 404-431
    • Berger, A.N.1
  • 11
    • 0036839235 scopus 로고    scopus 로고
    • Competition, concentration and their relationships: An empirical analysis of the banking industry
    • Bikker J.A., and Haaf K. Competition, concentration and their relationships: An empirical analysis of the banking industry. Journal of Banking and Finance 26 (2002) 2191-2214
    • (2002) Journal of Banking and Finance , vol.26 , pp. 2191-2214
    • Bikker, J.A.1    Haaf, K.2
  • 12
    • 0002051223 scopus 로고
    • The oligopoly solution concept is identified
    • Bresnahan T.F. The oligopoly solution concept is identified. Economic Letters 10 (1982) 87-92
    • (1982) Economic Letters , vol.10 , pp. 87-92
    • Bresnahan, T.F.1
  • 13
    • 0039569423 scopus 로고
    • Empirical studies of industries with market power
    • Schmalensee R., and Willig R.D. (Eds), North-Holland, Amsterdam
    • Bresnahan T.F. Empirical studies of industries with market power. In: Schmalensee R., and Willig R.D. (Eds). Handbook of Industrial Organisation vol. 2 (1989), North-Holland, Amsterdam
    • (1989) Handbook of Industrial Organisation , vol.2
    • Bresnahan, T.F.1
  • 14
    • 0346499162 scopus 로고    scopus 로고
    • Portuguese banking: A structural model of competition in the deposits market
    • Canhoto A. Portuguese banking: A structural model of competition in the deposits market. Review of Financial Economics 13 (2004) 41-63
    • (2004) Review of Financial Economics , vol.13 , pp. 41-63
    • Canhoto, A.1
  • 16
    • 33745154478 scopus 로고    scopus 로고
    • Bank competition, concentration and efficiency in the single European market
    • Casu B., and Girardone C. Bank competition, concentration and efficiency in the single European market. Manchester School 74 (2006) 441-468
    • (2006) Manchester School , vol.74 , pp. 441-468
    • Casu, B.1    Girardone, C.2
  • 17
    • 3142767051 scopus 로고    scopus 로고
    • What drives bank competition? Some international evidence
    • Claessens S., and Laeven L. What drives bank competition? Some international evidence. Journal of Money, Credit, and Banking 36 part 2 (2004) 563-584
    • (2004) Journal of Money, Credit, and Banking , vol.36 , Issue.PART 2 , pp. 563-584
    • Claessens, S.1    Laeven, L.2
  • 18
    • 0011000490 scopus 로고    scopus 로고
    • Assessing the competitive conditions in the Italian banking system: Some empirical evidence
    • Coccorese P. Assessing the competitive conditions in the Italian banking system: Some empirical evidence. BNL Quarterly Review 51 (1998) 173-191
    • (1998) BNL Quarterly Review , vol.51 , pp. 173-191
    • Coccorese, P.1
  • 19
    • 0141953521 scopus 로고    scopus 로고
    • The degree of competition in the Italian banking industry
    • Coccorese P. The degree of competition in the Italian banking industry. Economic Notes 3 (1998) 355-370
    • (1998) Economic Notes , vol.3 , pp. 355-370
    • Coccorese, P.1
  • 21
    • 13444293443 scopus 로고    scopus 로고
    • Competition in markets with dominant firms: A note on the evidence from the Italian banking industry
    • Coccorese P. Competition in markets with dominant firms: A note on the evidence from the Italian banking industry. Journal of Banking and Finance 29 (2005) 1083-1093
    • (2005) Journal of Banking and Finance , vol.29 , pp. 1083-1093
    • Coccorese, P.1
  • 22
    • 0037210782 scopus 로고    scopus 로고
    • Local bank office ownership, deposit control, market structure, and economic growth
    • Collender R.N., and Shaffer S. Local bank office ownership, deposit control, market structure, and economic growth. Journal of Banking and Finance 27 (2003) 27-57
    • (2003) Journal of Banking and Finance , vol.27 , pp. 27-57
    • Collender, R.N.1    Shaffer, S.2
  • 23
    • 0001488464 scopus 로고    scopus 로고
    • Competition, contestability and market structure in European banking sectors on the eve of EMU
    • De Bandt O., and Davis E.P. Competition, contestability and market structure in European banking sectors on the eve of EMU. Journal of Banking and Finance 24 (2000) 1045-1066
    • (2000) Journal of Banking and Finance , vol.24 , pp. 1045-1066
    • De Bandt, O.1    Davis, E.P.2
  • 25
    • 12344330813 scopus 로고    scopus 로고
    • Distance, lending relationships, and competition
    • Degryse H., and Ongena S. Distance, lending relationships, and competition. Journal of Finance 60 (2005) 231-266
    • (2005) Journal of Finance , vol.60 , pp. 231-266
    • Degryse, H.1    Ongena, S.2
  • 26
    • 0002004281 scopus 로고
    • Industry structure, market rivalry, and public policy
    • Demsetz H. Industry structure, market rivalry, and public policy. Journal of Law and Economics 16 (1973) 1-9
    • (1973) Journal of Law and Economics , vol.16 , pp. 1-9
    • Demsetz, H.1
  • 27
    • 40549128564 scopus 로고    scopus 로고
    • ECB, October. Frankfurt am Main
    • ECB, 2006. EU Banking Structures, October. Frankfurt am Main.
    • (2006) EU Banking Structures
  • 28
    • 0041046111 scopus 로고
    • Finance and development: The case of Southern Italy
    • Giovannini A. (Ed), Cambridge University Press, Cambridge
    • Faini R., Galli G., and Giannini C. Finance and development: The case of Southern Italy. In: Giovannini A. (Ed). Finance and Development: Issues and Experience (1993), Cambridge University Press, Cambridge
    • (1993) Finance and Development: Issues and Experience
    • Faini, R.1    Galli, G.2    Giannini, C.3
  • 29
    • 3042578628 scopus 로고    scopus 로고
    • Are mergers beneficial to consumers? Evidence from the market for bank deposits
    • Focarelli D., and Panetta F. Are mergers beneficial to consumers? Evidence from the market for bank deposits. American Economic Review 93 (2002) 1152-1172
    • (2002) American Economic Review , vol.93 , pp. 1152-1172
    • Focarelli, D.1    Panetta, F.2
  • 33
    • 1342312147 scopus 로고    scopus 로고
    • Consolidation and market structure in emerging market banking systems
    • Gelos R.G., and Roldos J. Consolidation and market structure in emerging market banking systems. Emerging Markets Review 5 (2004) 39-59
    • (2004) Emerging Markets Review , vol.5 , pp. 39-59
    • Gelos, R.G.1    Roldos, J.2
  • 34
    • 0032363324 scopus 로고    scopus 로고
    • Testing static oligopoly models: Conduct and cost in the sugar industry, 1890-1914
    • Genesove D., and Mullin W.P. Testing static oligopoly models: Conduct and cost in the sugar industry, 1890-1914. RAND Journal of Economics 29 (1998) 355-377
    • (1998) RAND Journal of Economics , vol.29 , pp. 355-377
    • Genesove, D.1    Mullin, W.P.2
  • 35
    • 0001141367 scopus 로고
    • Bank market structure and competition: A survey
    • Gilbert R.A. Bank market structure and competition: A survey. Journal of Money, Credit, and Banking 16 (1984) 617-645
    • (1984) Journal of Money, Credit, and Banking , vol.16 , pp. 617-645
    • Gilbert, R.A.1
  • 36
    • 0030138425 scopus 로고    scopus 로고
    • The structure-performance relationship for European banking
    • Goldberg L.G., and Rai A. The structure-performance relationship for European banking. Journal of Banking and Finance 20 (1996) 745-771
    • (1996) Journal of Banking and Finance , vol.20 , pp. 745-771
    • Goldberg, L.G.1    Rai, A.2
  • 37
    • 0002494264 scopus 로고    scopus 로고
    • Market share inequality, the number of competitors, and the HHI: An examination of bank pricing
    • Hannan T.H. Market share inequality, the number of competitors, and the HHI: An examination of bank pricing. Review of Industrial Organization 12 (1997) 23-35
    • (1997) Review of Industrial Organization , vol.12 , pp. 23-35
    • Hannan, T.H.1
  • 38
    • 0000425569 scopus 로고
    • The rigidity of prices: Evidence from the banking industry
    • Hannan T.H., and Berger A.N. The rigidity of prices: Evidence from the banking industry. American Economic Review 81 (1991) 938-945
    • (1991) American Economic Review , vol.81 , pp. 938-945
    • Hannan, T.H.1    Berger, A.N.2
  • 39
    • 56549127127 scopus 로고    scopus 로고
    • The profitability of small single-market banks in an era of multi-market banking
    • Hannan T.H., and Prager R.A. The profitability of small single-market banks in an era of multi-market banking. Journal of Banking and Finance 33 (2009) 263-271
    • (2009) Journal of Banking and Finance , vol.33 , pp. 263-271
    • Hannan, T.H.1    Prager, R.A.2
  • 41
    • 0000940294 scopus 로고
    • Measurement of conjectural variations in oligopoly
    • Iwata G. Measurement of conjectural variations in oligopoly. Econometrica 42 (1974) 947-966
    • (1974) Econometrica , vol.42 , pp. 947-966
    • Iwata, G.1
  • 42
    • 0011504201 scopus 로고
    • The price-concentration relationship in banking: A comment
    • Jackson W.E. The price-concentration relationship in banking: A comment. Review of Economic and Statistics 74 (1992) 373-376
    • (1992) Review of Economic and Statistics , vol.74 , pp. 373-376
    • Jackson, W.E.1
  • 43
    • 0003079950 scopus 로고
    • On identifying the degree of competitiveness from industry price and output data
    • Lau L. On identifying the degree of competitiveness from industry price and output data. Economic Letters 10 (1982) 93-99
    • (1982) Economic Letters , vol.10 , pp. 93-99
    • Lau, L.1
  • 44
    • 0001827458 scopus 로고
    • Price and production policies of large-scale enterprise
    • Mason E.S. Price and production policies of large-scale enterprise. American Economic Review 29 (1939) 61-74
    • (1939) American Economic Review , vol.29 , pp. 61-74
    • Mason, E.S.1
  • 47
    • 3242889426 scopus 로고    scopus 로고
    • Factors explaining the interest margin in the banking sectors of the European Union
    • Maudos J., and Fernandez de Guevara J. Factors explaining the interest margin in the banking sectors of the European Union. Journal of Banking and Finance 28 (2004) 2259-2281
    • (2004) Journal of Banking and Finance , vol.28 , pp. 2259-2281
    • Maudos, J.1    Fernandez de Guevara, J.2
  • 51
    • 0024839452 scopus 로고
    • Competition and contestability in Canada's financial system: Empirical results
    • Nathan A., and Neave E.H. Competition and contestability in Canada's financial system: Empirical results. Canadian Journal of Economics 22 (1989) 576-594
    • (1989) Canadian Journal of Economics , vol.22 , pp. 576-594
    • Nathan, A.1    Neave, E.H.2
  • 52
    • 0442328570 scopus 로고    scopus 로고
    • An aggregate structural model of competition in the European banking industry
    • Neven D., and Roller L.H. An aggregate structural model of competition in the European banking industry. International Journal of Industrial Organization 17 (1999) 1059-1074
    • (1999) International Journal of Industrial Organization , vol.17 , pp. 1059-1074
    • Neven, D.1    Roller, L.H.2
  • 53
    • 64049115705 scopus 로고    scopus 로고
    • Evoluzione del sistema bancario e finanziamento dell'economia nel Mezzogiorno
    • Panetta F. Evoluzione del sistema bancario e finanziamento dell'economia nel Mezzogiorno. Moneta e Credito 56 222 (2003) 127-160
    • (2003) Moneta e Credito , vol.56 , Issue.222 , pp. 127-160
    • Panetta, F.1
  • 55
    • 0001661892 scopus 로고
    • The gains and losses from industrial concentration
    • Peltzman S. The gains and losses from industrial concentration. Journal of Law and Economics 20 (1977) 229-263
    • (1977) Journal of Law and Economics , vol.20 , pp. 229-263
    • Peltzman, S.1
  • 58
    • 0008299101 scopus 로고
    • Market share inequality, the HHI, and other measures of the firm composition of a market
    • Rhoades S.A. Market share inequality, the HHI, and other measures of the firm composition of a market. Review of Industrial Organization 10 (1995) 657-674
    • (1995) Review of Industrial Organization , vol.10 , pp. 657-674
    • Rhoades, S.A.1
  • 61
    • 0011238685 scopus 로고    scopus 로고
    • The effects of banking mergers on loan contracts
    • Sapienza P. The effects of banking mergers on loan contracts. Journal of Finance 57 (2002) 329-367
    • (2002) Journal of Finance , vol.57 , pp. 329-367
    • Sapienza, P.1
  • 62
    • 0000763967 scopus 로고
    • A non-structural test for competition in financial markets
    • Federal Reserve Bank of Chicago, Chicago
    • Shaffer, S., 1982. A non-structural test for competition in financial markets. In: Bank Structure and Competition Conference Proceedings. Federal Reserve Bank of Chicago, Chicago.
    • (1982) Bank Structure and Competition Conference Proceedings
    • Shaffer, S.1
  • 63
    • 49049127334 scopus 로고
    • Non-structural measures of competition: Toward a synthesis of alternatives
    • Shaffer S. Non-structural measures of competition: Toward a synthesis of alternatives. Economic Letters 12 (1983) 349-353
    • (1983) Economic Letters , vol.12 , pp. 349-353
    • Shaffer, S.1
  • 64
    • 45249129361 scopus 로고
    • Competition in the US banking industry
    • Shaffer S. Competition in the US banking industry. Economic Letters 29 (1989) 321-323
    • (1989) Economic Letters , vol.29 , pp. 321-323
    • Shaffer, S.1
  • 66
    • 0347669908 scopus 로고    scopus 로고
    • Banking conduct before the European single banking license: A cross-country comparison
    • Shaffer S. Banking conduct before the European single banking license: A cross-country comparison. North American Journal of Economics and Finance 12 (2001) 79-104
    • (2001) North American Journal of Economics and Finance , vol.12 , pp. 79-104
    • Shaffer, S.1
  • 67
    • 0037861935 scopus 로고    scopus 로고
    • Ownership structure and market conduct among Swiss banks
    • Shaffer S. Ownership structure and market conduct among Swiss banks. Applied Economics 34 (2002) 1999-2009
    • (2002) Applied Economics , vol.34 , pp. 1999-2009
    • Shaffer, S.1
  • 70
    • 0037366525 scopus 로고    scopus 로고
    • Estimating the extent of imperfect competition in the food industry: What have we learned?
    • Sheldon I., and Sperling R. Estimating the extent of imperfect competition in the food industry: What have we learned?. Journal of Agricultural Economics 54 (2003) 89-109
    • (2003) Journal of Agricultural Economics , vol.54 , pp. 89-109
    • Sheldon, I.1    Sperling, R.2
  • 71
    • 0002975110 scopus 로고
    • Evidence on the (non) relationship between concentration and profitability in banking
    • Smirlock M. Evidence on the (non) relationship between concentration and profitability in banking. Journal of Money, Credit, and Banking 17 (1985) 69-83
    • (1985) Journal of Money, Credit, and Banking , vol.17 , pp. 69-83
    • Smirlock, M.1
  • 73
    • 0036838217 scopus 로고    scopus 로고
    • Competition in the Dutch consumer credit market
    • Toolsema L.A. Competition in the Dutch consumer credit market. Journal of Banking and Finance 26 (2002) 2215-2229
    • (2002) Journal of Banking and Finance , vol.26 , pp. 2215-2229
    • Toolsema, L.A.1
  • 74
    • 10244230833 scopus 로고    scopus 로고
    • Has competition in the Japanese banking sector improved?
    • Uchida H., and Tsutsui Y. Has competition in the Japanese banking sector improved?. Journal of Banking and Finance 29 (2005) 419-439
    • (2005) Journal of Banking and Finance , vol.29 , pp. 419-439
    • Uchida, H.1    Tsutsui, Y.2
  • 76
    • 0003245052 scopus 로고
    • A review of concentration-price studies in banking
    • Weiss L.W. (Ed), MIT Press, Cambridge
    • Weiss L.W. A review of concentration-price studies in banking. In: Weiss L.W. (Ed). Concentration and Price (1989), MIT Press, Cambridge
    • (1989) Concentration and Price
    • Weiss, L.W.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.