TY - JOUR

T1 - A General Test of Competitive Conditions in UK Building Societies: 1990-95

AU - Ashton, John

PY - 2000/1/1

Y1 - 2000/1/1

N2 - The Rosse-Panzar statistic is used to test for market conduct and contestability within the UK building society mortgage market between 1990 and 1996. Tlie statistic considers the distinction between monopolistic competition and profit maximising monopoly. Following Panzar and Rosse [1987], analysis of monopolistic competition can be seen to be concerted with both an individual and a group equilibrium. The comparative static approach of the Rosse-Panzer statistic is employed to test for this situation. Evidence of long-run competitive equilibrium is rejected. Presence of a contestable market with monpolistic competition is not rejected.

AB - The Rosse-Panzar statistic is used to test for market conduct and contestability within the UK building society mortgage market between 1990 and 1996. Tlie statistic considers the distinction between monopolistic competition and profit maximising monopoly. Following Panzar and Rosse [1987], analysis of monopolistic competition can be seen to be concerted with both an individual and a group equilibrium. The comparative static approach of the Rosse-Panzer statistic is employed to test for this situation. Evidence of long-run competitive equilibrium is rejected. Presence of a contestable market with monpolistic competition is not rejected.

U2 - 10.1080/02642060000000005

DO - 10.1080/02642060000000005

M3 - Article

VL - 20

SP - 87

EP - 95

JO - Service Industries Journal

JF - Service Industries Journal

SN - 0264-2069

IS - 1

ER -