Heterogeneous decision-making and market power: an application to Eurozone banks
نویسندگان
چکیده
We provide a structural model wherein the decision-makers are payoff maximizers in general game theoretic setting which heterogeneity is formally factored into decisions of players. The allowed to have different groups; and parameters same within each group but they differ across group. Using insights from our treatment heterogeneous strategic decision-making, we estimate conducts (market powers) Eurozone banks for years 2002–2015. find that fairly competitive. However, peripheral countries more market power compared core Eurozone.
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ژورنال
عنوان ژورنال: Empirical Economics
سال: 2022
ISSN: ['1435-8921', '0377-7332']
DOI: https://doi.org/10.1007/s00181-022-02239-z