Market structure and competition among retail depository institutions
By: Andrew Cohen and Michael Mazzeo.
Contributors: Mazzeo, Michael.
Series: Finance and economics discussion series ;; 2004-04; Finance and economics discussion series (Online) ;; 2004-04.
Publisher: Federal Reserve Board
Published: 2004
Place of publication: Washington, D.C
Language: eng
Format: Electronic resource
Description: "We assess the competitive impact that single-market banks and thrift institutions have on multi-market banks (and vice-versa) in 1,884 non- MSA markets.  We estimate a model of equilibrium market structure which endogenizes entry for three types: multi-market banks, single-market banks, and thrift institutions.  Observed market structures and the solution to an entry-type game identify the parameters of a latent (unobserved) profit function.  We find significant evidence of product differentiation-- particularly in the case of thrifts.  Furthermore, product differentiation appears to depend upon differences in market geography"--Federal Reserve Board web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 7/9/2004.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.