A Test of Perfect Competition in the UK Retail-Banking Deposit Market

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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 languageEnglish
Pages (from-to)119-132
Number of pages14
JournalService Industries Journal
Volume21
Issue number4
DOIs
Publication statusPublished - Apr 2001
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