A Test of Perfect Competition in the UK Retail-Banking Deposit Market
Research output: Contribution to journal › Article › peer-review
Electronic versions
DOI
This article presents a test for perfect competition in the deposit market of the UK retail-banking sector. The model employed draws from the New Economic Industrial Organisation (NEIO) technique forwarded by Hannan and Liang [1993]. The test is applied to a sample of eight UK retail banks between 1992-97. The presence of perfect competition is rejected for all banks. The empirical evidence does not support qualitative evidence of increasing competitiveness amongst UK retail banks.
| Original language | English |
|---|---|
| Pages (from-to) | 119-132 |
| Number of pages | 14 |
| Journal | Service Industries Journal |
| Volume | 21 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - Apr 2001 |