This paper demonstrates that the level of competition in the existing Panzar Rosse (P-R) literature is systematically … overestimated and that the tests on both monopoly and perfect competition are distorted. This is due to the use of bank revenues … and empirical evidence to illustrate the impact of the misspecification on the estimation of competition and the …

This paper is the first detailed and world-wide investigation of the developments in banking competition during the … the banking industry. The changes in competition over time are small on average, but substantial for several countries and … regions. Various Western economies faced a significant decline in banking competition during recent years. In particular, the …

absolute figures and relative to the size of smaller banks. This paper analyzes the impact of this development on competition … that competition increases with bank size. We show that misspecification of the P-R model in the existing literature leads …

necessarily face fierce competition. Because the industry is highly fragmented, strict separation of the three existing banking … pillars may impede competition, with negative effects on financial stability. We assess the competitive stances of 1 …,888 universal banks from 2001 to 2009 by using the Panzar–Rosse revenue test. We find evidence that measuring competition at an …

competition and market structure, finance and the structure of lending to firms, and how firms respond to the economic environment … observed in the BEEPS surveys of developed market economies. Our interpretation of the evidence on competition is that there is …

competition are all found to be important determinants of long-run firm values, firm turnover, and market structure. Estimates for …

This paper examines the strength of product market competition and economic performance in Canada and discusses way in … which the institutional framework governing competition policy could be improved. Competitive forces are comparatively … strong and administrative and economic regulations inhibiting competition are amongst the lowest in the OECD countries …

This paper assesses what role product market competition and regulatory reforms may have played in the performance of … regulations inhibiting competition and barriers to trade amongst the lowest in the OECD. Nevertheless, there is scope for … improvement and the recent overhaul of competition legislation should help to further promote competition. Much progress has been …