Multimarket contact in Italian retail banking: Competition and welfare | |
Molnar, Jozsef1; Violi, Roberto2; Zhou, Xiaolan3 | |
刊名 | INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION
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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. |
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