"We analyze the effects of market structure on the branching decisions of three types of depository institution: multimarket banks, single-market banks, and thrift institutions. We argue that additional branches increase quality for an institution's consumers, and examine the interaction between...

Standard economic models that guide competition policy imply that demand increases should lead to more, not fewer firms. However, Sutton's (1991) model illustrates that in some cases, demand increases can catalyze competitive responses that bring about shake-outs. This paper provides empirical...

Standard economic models that guide competition policy imply that demand increases should lead to more, not fewer firms. However, Sutton's (1991) model illustrates that in some cases, demand increases can catalyze competitive responses that bring about shake-outs. This paper provides empirical...