In this paper we develop an empirical two-stage model of competition for the banking industry that incorporates the choice of capacity in the form of new branches. It is estimated using data on Italian banks for the years 1995-2009. The results show that the conduct of banks is significantly...

The existing empirical evidence suggests that there is a “winner’s curse” for banks entering new markets. Actually, it has been assessed that de novo banks generally experience higher bad loans rates than mature banks for about ten years. We investigate whether this persistence has...

In this article we estimate individual banks' Lerner indices for a large group of countries in the years 1994--2012 by means of the econometric method proposed by Kumbhakar <italic>et al.</italic> (2012), which is based on the stochastic frontier methodology. We then compare our results with those of existing...

In this paper we assess the impact of multimarket contact of banks on their market power by means of a simultaneous equation model, in which the divergence of price from marginal cost is a function of multimarket linkages. The model is estimated using aggregate data from the Italian regions for...

<i> Un indice per la valutazione dell’attrattività turistica potenziale: aspetti metodologici e di calcolo </i> (di Paolo Coccorese, Alfonso Pellecchia) - ABSTRACT: Al fine di comprendere meglio le dinamiche del settore turistico (risorsa di importanza strategica per molte aree dell’Italia) e...

In this paper we develop an empirical two-stage model of price competition for the banking industry that incorporates the choice of capacity in the form of new branches. This is achieved by supplementing the customary two-equation framework (demand plus first-order condition in the loan market)...

By means of two NEIO techniques, this paper analyzes the conduct of a group of Italian single-branch banks operating as monopolists in small local areas (municipalities) in the years 1988-2005, in order to assess pricing behavior in highly concentrated banking markets. Both tests strongly reject...

This paper explores the causality between concentration in the banking industry and economic growth. Two empirical tests are performed for Italy over the period 1991-2001: the first one is a standard Granger-Sims causality test, the second one studies the direction of causality by taking into...