Does deregulation make markets more competitive? Evidence of mark-ups in Spanish savings banks

Subal Kumbhakar and Ana Lozano-Vivas

Applied Financial Economics, 2004, vol. 14, issue 7, 507-515

Abstract: Modelling and testing whether competitive pressures driven by deregulatory changes make markets more competitive are examined. Departures from competitive markets are modelled via mark-up prices. Empirically, a panel data is used on Spanish savings banking industry that is undergoing unprecedented changes caused by the deregulation of financial services, the establishment of the economic and monetary union and developments in information technology. Evidence of mark-ups in output markets is found, and such mark-ups are found to decline slowly over time. This finding suggests that the presence of deregulatory pressures improved the competitive strength of the Spanish savings banks.

Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/0960310042000216060 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apfiec:v:14:y:2004:i:7:p:507-515

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAFE20

DOI: 10.1080/0960310042000216060

Access Statistics for this article

Applied Financial Economics is currently edited by Anita Phillips

More articles in Applied Financial Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().