Multimarket contact in Italian retail banking: Competition and welfare

doi:10.1016/j.ijindorg.2013.06.003

CORC > 上海财经大学 > 上海财经大学

	Multimarket contact in Italian retail banking: Competition and welfare
	Molnar, Jozsef 1; Violi, Roberto 2; Zhou, Xiaolan 3
刊名	INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION
	2013-09
卷号	31 期号:5 页码:368-381
关键词	Competition Multi-market contacts Retail banking Welfare analysis
ISSN号	0167-7187
DOI	10.1016/j.ijindorg.2013.06.003
英文摘要	This paper studies banks' competitive behavior on the deposit side of the Italian retail banking industry. We use a structural model to estimate demand for deposit services and test several supply models. We find that both the competitive, differentiated product Bertrand and the perfectly collusive models are rejected against partially collusive models with coalitions based on the participants' market contact. In the best fitting collusive model, the coalition includes 8 banks with at least 19 overlapped regions. Banks with extensive multi-market contacts tend to be less competitive and behave as if they were maximizing their profit jointly, taking into account the competitive fringe of smaller banks. (C) 2013 Elsevier B.V. All rights reserved.
WOS研究方向	Business & Economics
语种	英语
出版者	ELSEVIER SCIENCE BV
WOS记录号	WOS:000330000800002
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/1927]
专题	上海财经大学
通讯作者	Molnar, Jozsef
作者单位	1.European Commiss, Chief Economist Team, Directorate Gen Competit, B-1000 Brussels, Belgium; 2.Bank Italy, I-00184 Rome, Italy; 3.Shanghai Univ Finance & Econ, Shanghai, Peoples R China
推荐引用方式 GB/T 7714	Molnar, Jozsef,Violi, Roberto,Zhou, Xiaolan. Multimarket contact in Italian retail banking: Competition and welfare[J]. INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION,2013,31(5):368-381.
APA	Molnar, Jozsef,Violi, Roberto,&Zhou, Xiaolan.(2013).Multimarket contact in Italian retail banking: Competition and welfare.INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION,31(5),368-381.
MLA	Molnar, Jozsef,et al."Multimarket contact in Italian retail banking: Competition and welfare".INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION 31.5(2013):368-381.