Title: Market structure and competition among retail depository institutions
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.