A Test of Perfect Competition in the UK Retail-Banking Deposit Market
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In: Service Industries Journal , Vol. 21, No. 4, 04.2001, p. 119-132.
Research output: Contribution to journal › Article › peer-review
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TY - JOUR
T1 - A Test of Perfect Competition in the UK Retail-Banking Deposit Market
AU - Ashton, John
PY - 2001/4
Y1 - 2001/4
N2 - 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.
AB - 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.
U2 - 10.1080/714005052
DO - 10.1080/714005052
M3 - Article
VL - 21
SP - 119
EP - 132
JO - Service Industries Journal
JF - Service Industries Journal
SN - 0264-2069
IS - 4
ER -