This paper studies how market competition influences the algorithmic design choices of firms in the context of … to maximize estimated profit. We show that competition may induce firms to strategically choose simpler algorithms which …

It is often argued that branching stabilizes banking systems by facilitating diversification of bank portfolios … findings. Using data on national banks from the 1920s and 1930s, we show that branch banking increases competition and forces … strengthening the branch banks themselves. Our empirical results suggest that the effects that branching had on competition were …

1930s to assess the effects of the expansion of large-scale, branch-banking networks on competition and the stability of … banking systems. Using a new database of individual bank balance sheets, income statements, and branch establishment, we … examine the characteristics that made a bank a more likely target of a takeover by a large branching network, how incumbent …

Our research examines the impact of dwindling community bank numbers on community investment and economic development …) originations. Key factors include the local presence of other community banks and the continuity of the consolidating bank …'s presence. Interestingly, the effect remains neutral in underserved or distressed counties and diminishes when a large bank …

, quality competition came more in the form of costs that vary with hotel size, and less in the form of costs that are fixed …

We develop a new identification strategy to evaluate the impact of the geographic expansion of bank holding company … (BHC) assets across U.S. metropolitan statistical areas (MSAs) on BHC risk. We find that the geographic expansion of bank …

Using exogenous deposit windfalls from oil and natural gas shale discoveries, we demonstrate that bank branch networks …

labor supply in response to productivity shocks. Bank market integration thus contributes to a moderation of firm-level and …