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EnglishThis paper tests for the presence of market power in the Italian banking industry during the period 1971 1996 by using a simultaneous-equation model. In spite of growing consolidation, which occurred particularly in the latter years, the empirical findings rule out the possibility that the market is characterised by a joint monopoly, and appear to support the view that the conduct of the Italian banks is becoming more competitive as a consequence of the European integration process. These results, therefore, also constitute a counter argument to the idea that high concentration prevents substantial competition amongst firms.
| Titolo: | The degree of competition in the Italian banking industry |
| Autori: | |
| Data di pubblicazione: | 1998 |
| Rivista: | |
| Abstract: | This paper tests for the presence of market power in the Italian banking industry during the period 1971 1996 by using a simultaneous-equation model. In spite of growing consolidation, which occurred particularly in the latter years, the empirical findings rule out the possibility that the market is characterised by a joint monopoly, and appear to support the view that the conduct of the Italian banks is becoming more competitive as a consequence of the European integration process. These results, therefore, also constitute a counter argument to the idea that high concentration prevents substantial competition amongst firms. |
| Handle: | http://hdl.handle.net/11386/1063007 |
| Appare nelle tipologie: | 1.1.2 Articolo su rivista con ISSN |
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