Market concentration and nonlinear pricing in European banking
Antonis Michis ()
Journal of Economics and Business, 2016, vol. 85, issue C, 1-12
An econometric test is proposed to show the existence of nonlinear pricing in the European market for loans. The test incorporates a measure of industry concentration to examine the impact of market structure on the use of nonlinear pricing tactics by banks. Econometric results using a panel dataset consisting of seven European countries suggest that nonlinear pricing is associated with increasing monopoly power in European banking.
Keywords: Lending interest rates; Market concentration; Nonlinear pricing (search for similar items in EconPapers)
JEL-codes: G21 L11 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jebusi:v:85:y:2016:i:c:p:1-12
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