Contestable Markets Theory, Competition, and the United States Commercial Banking Industry

ISBN-13: 9780815323907 / Angielski / Twarda / 1996 / 252 str.

Ross N. Dickens

Opis

Expands the Structure-Conduct-Performance model used in micro-economics by taking into account the effect of potential entrants into a market as well as the number of current competitors, and applies the resulting Contestable Markets Theory to the US commercial banking industry during the 1980s. Con

Spis treści

List of Tables, List of Figures, Acknowledgments, Preface, CONTESTABLE MARKETS THEORY AND COMMERCIAL BANKING, Introduction, Application of Contestable Markets Theory to Commercial Banking, Discussion of Theory Assumptions for Individual Products, LITERATURE REVIEW, Aggregate Empirical Research in CMT Other Empirical Research in CMT, METHODOLOGY, Profitability Measurement, One Factor Model, Excess Market Value, Tobin's q Approximation, Compensating Deviation Measurement, Cash Flow Evaluation, Disaggregated FCA Data, RESULTS, Profitability Measurement Tests, One Factor Model, Excess Market Value, Tobin's q Approximation, V. IMPLICATIONS OF RESULTS, Summary of Results, Implications, Future Research, BIBLIOGRAPHY, INDEX

O autorze

 Ross N. Dickens (Author)