Testing for Competition in the Spanish Banking Industry: The Panzar-Rosse Approach Revisited
نویسندگان
چکیده
منابع مشابه
Competition In Iran’s Banking Sector: Panzar-Rosse Approach
The Iranian banking sector has undergone huge and substantial reform in the last decade; privatization, establishment of private banks and development of modern technologies (IT). This paper investigates the competitive condition of the Iranian banking industry over the period 2005-2010 using the H-statistic proposed by Panzar and Rosse. The properties of this non-structural methodology make it...
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the iranian banking sector has undergone huge and substantial reform in the last decade; privatization, establishment of private banks and development of modern technologies (it). this paper investigates the competitive condition of the iranian banking industry over the period 2005-2010 using the h-statistic proposed by panzar and rosse. the properties of this non-structural methodology make it...
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Panzar and Rosse tests for market structure, utilizing analysis of reduced form revenue equations, indicate that the trucking industry is not in long-run perfectly competitive equilibrium. However, it is ambiguous whether this is due to competitive disequilibrium or the existence of market power.
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The Panzar-Rosse test has been widely applied to assess competitive conduct, often in specifications controlling for firm scale or using a price equation. We show that neither a price equation nor a scaled revenue function yields a valid measure for competitive conduct. Moreover, even an unscaled revenue function generally requires additional information about costs and market equilibrium to in...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2007
ISSN: 1556-5068
DOI: 10.2139/ssrn.1005116