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Discriminatory Fees, Coordination and Investment in Shared ATM Networks
Ferrari, Stijn - 2010
This paper empirically examines the effects of discriminatory fees on ATM investment and welfare, and considers the … role of coordination in ATM investment between banks. Our main findings are that foreign fees tend to reduce ATM … availability and (consumer) welfare, whereas surcharges positively affect ATM availability and the different welfare components …
Persistent link: https://www.econbiz.de/10013137922
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Discriminatory fees, coordination and investment in shared ATM networks
Ferrari, Stijn - 2010
Persistent link: https://www.econbiz.de/10003928430
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Discriminatory fees, coordination and investment in shared ATM networks
Ferrari, Stijn - 2010
This paper empirically examines the effects of discriminatory fees on ATM investment and welfare, and considers the … role of coordination in ATM investment between banks. Our main findings are that foreign fees tend to reduce ATM … availability and (consumer) welfare, whereas surcharges positively affect ATM availability and the different welfare components …
Persistent link: https://www.econbiz.de/10011597034
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Investment and Usage of New Technologies : Evidence from a Shared ATM Network
Ferrari, Stijn - 2014
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/10012709186
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Do Bank Relationships Affect the Firm's Underwriter Choice in the Corporate-Bond Underwriting Market?
Yasuda, Ayako - 2006
This paper studies the effect of bank relationships on underwriter choice in the U.S. corporate-bond underwriting market following the 1989 commercial-bank entry. I find that bank relationships have positive and significant effects on a firm's underwriter choice, over and above their effects on...
Persistent link: https://www.econbiz.de/10012783840
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Bank Relationships and Underwriter Competition : Evidence from Japan
Yasuda, Ayako - 2007
This paper examines the effects of bank relationships on underwriter choice in the Japanese corporate-bond market following the 1993 deregulation. Bank relationships have significant positive effects on a firm's underwriter choice. Relationship firms receive a small but significant fee discount...
Persistent link: https://www.econbiz.de/10012778309
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Market liberalization in the European natural gas market : the importance of capacity constraints and efficiency differences
Brakman, Steven; Marrewijk, Charles van; … - 2009
In the European Union, energy markets are increasingly being liberalized. A case in point is the European natural gas industry. The general expectation is that more competition will lead to lower prices and higher volumes, and hence higher welfare. This paper indicates that this might not happen...
Persistent link: https://www.econbiz.de/10003857130
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Entry Deregulation, Market Turnover, and Efficiency : China’s Business Registration Reform
Barwick, Panle Jia; Chen, Luming; Li, Shanjun; Zhang, Xiaobo - 2022
Although entry regulation is ubiquitous across countries, comprehensive evaluations on the broad impacts of such regulations on firm dynamics and productivity are lacking. We address the key identification challenge of policy endogeneity by leveraging the staggered implementation of a pilot...
Persistent link: https://www.econbiz.de/10013291050
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Platforms, American Express, and the Problem of Complexity in Antitrust
Sagers, Chris - 2019
Something old and important is lost sight of in a case like Ohio v. American Express, the Supreme Court's recent adoption of "platform" or "two-sided market" theory in American antitrust, and in theoretical efforts like the one on which it is based. A rarely discussed idea built in to American...
Persistent link: https://www.econbiz.de/10012892397
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The Effect of Credit Competition on Banks’ Loan Loss Provisions
Dou, Yiwei - 2017
Exploiting differential interstate branching deregulation across contiguous counties of adjacent states, we investigate the effect of entry threat on incumbent banks' loan loss provisions. Incumbents exposed to entry threat have offsetting incentives; lower provisions make their loan...
Persistent link: https://www.econbiz.de/10012974743