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Deregulation of the European Banking Industry (1980-1991)

Gual, Jordi; Neven, Damien J - C.E.P.R. Discussion Papers - 1992

In this paper the experience of deregulation in the banking sector of seven EC countries (Belgium, France, Germany, Italy, the Netherlands, Spain and the UK) is analysed. Lessons are drawn for assessment of how the EC directives affecting this sector could further affect the industry. Our...

Persistent link: https://www.econbiz.de/10005791625

Investment and Usage of New Technologies: Evidence from a Shared ATM Network

Degryse, Hans; Ferrari, Stijn; Verboven, Frank - C.E.P.R. Discussion Papers - 2007

often also that consumers make the proper usage decisions. This paper studies investment and usage in a shared ATM network … with partial incompatibility. Furthermore, we find that consumer usage of the available ATM network is too low because of …. Because all banks coordinate their ATM investment decisions, there is no strategic but only a pure cost-saving incentive to …

Persistent link: https://www.econbiz.de/10005662325

Competition Enhancing Policies and Infrastructure: Evidence from Russia

Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2001

This Paper investigates whether the efficiency effect of product market dispersion is a function of the infrastructural … translog production functions on a large 1992-99 panel of manufacturing firms, we find that the efficiency impact of market …

Persistent link: https://www.econbiz.de/10005504465

Acquisitions, Entry, and Innovation in Network Industries

Norbäck, Pehr-Johan; Persson, Lars; Tåg, Joacim Ingemar - C.E.P.R. Discussion Papers - 2013

In industries with network effects, incumbents’ installed bases create barriers to entry that discourage entrepreneurs from developing new innovations. Yet, entry is not the only commercialization route for entrepreneurs. We show that the option of selling to an incumbent increases innovation...

Persistent link: https://www.econbiz.de/10011083667

Market Entry and Roll-out With Product Differentiation

Levine, Paul L; Rickman, Neil; Tzavara, Dionisia - C.E.P.R. Discussion Papers - 2002

This Paper examines a general problem exemplified by post-auction (third generation ‘3G’) mobile telecommunications markets and by recent developments in the UK market for postal services. When entering these (or any other) markets, firms must often decide on the degree of coverage...

Persistent link: https://www.econbiz.de/10005124418

Competition and Entry in Banking: Implications for Stability and Capital Regulation

Boot, Arnoud W A; Marinc, Matej - C.E.P.R. Discussion Papers - 2006

We assess the influence of competition and capital regulation on the stability of the banking system. We particularly ask two questions: i) how does capital regulation affect (endogenous) entry; and ii) how do (exogenous) changes in the competitive environment affect bank monitoring choices and...

Persistent link: https://www.econbiz.de/10005666421

Can Competition in the Credit Market be Excessive?

Caminal, Ramon; Matutes, Carmen - C.E.P.R. Discussion Papers - 1997

We study the welfare implications of market power in a model where banks choose between credit rationing and monitoring in order to alleviate an underlying moral-hazard problem. We show that the effect of banks’ market power on social welfare is the result of two countervailing effects. On the...

Persistent link: https://www.econbiz.de/10005656189

Advertising and Pricing at Multiple-Output Firms: Evidence from US Thrift Institutions

DeYoung, Robert; Örs, Evren - C.E.P.R. Discussion Papers - 2004

We derive five hypotheses regarding market competition, price, and advertising from a theoretical model of a profit maximizing depository institution, and test these conjectures in a simultaneous system of deposit interest rates and advertising expenditures for a data panel of 1,867 thrift...

Persistent link: https://www.econbiz.de/10005791273

Last Bank Standing: What Do I Gain if You Fail?

Perotti, Enrico C; Suarez, Javier - C.E.P.R. Discussion Papers - 2001

Banks are highly leveraged institutions, potentially attracted to speculative lending even without deposit insurance. A counterbalancing incentive to lend prudently is the risk of loss of charter value, which depends on future rents. We show in a dynamic model that current concentration does not...

Persistent link: https://www.econbiz.de/10005792492

Credit Risk Transfer and Financial Sector Performance

Marsh, Ian W; Wagner, Wolf - C.E.P.R. Discussion Papers - 2004

In this Paper we study the impact of credit risk transfer (CRT) on the stability and the efficiency of a financial …

Persistent link: https://www.econbiz.de/10005662362