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    政大機構典藏 > 商學院 > 金融學系 > 期刊論文 >  Item 140.119/63870
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/63870


    Title: Assessing Market Power in the U.S. Commercial Banking Industry under Deregulation
    Authors: Chang, Shun-Chiao;Chang, Jui-Chuan Della;Huang, Tai-Hsin
    張順教;張瑞娟;黃台心
    Contributors: 金融系
    Keywords: Market power;Bresnahan–Lau model;DBLEC;Panel cointegration
    Date: 2012-09
    Issue Date: 2014-02-17 09:55:19 (UTC+8)
    Abstract: This study attempts to investigate market power in the U.S. commercial banking industry since the U.S. government began to deregulate the banking sector in the early 1990s using the static Bresnahan–Lau model (SBLM) and dynamic Bresnahan–Lau model with error corrections (DBLEC). In particular, panel unit root and panel cointegration techniques are utilized to examine the dynamic model. The empirical results of the SBLM show that the banking industry is highly competitive. The empirical results of DBLEC also suggest that the commercial banking industry is close to being perfectly competitive in the short run. By contrast, the adjustment speeds of the supply and demand sides towards the long-run equilibrium are quite slow in that market, which implies that the U.S. commercial banks enjoy a certain degree of long-run market power.
    Relation: Economic Modeling, 29(5), 1558-1565
    Data Type: article
    DOI 連結: http://dx.doi.org/10.1016/j.econmod.2012.05.007
    DOI: 10.1016/j.econmod.2012.05.007
    Appears in Collections:[金融學系] 期刊論文

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