https://mpra.ub.uni-muenchen.de/id/eprint/17612 2019-10-02T00:01:09Z info:eu-repo/semantics/descriptiveMetadata https://mpra.ub.uni-muenchen.de/17612/ Estimating the intensity of price and non-price competition in banking Carbo Valverde, Santiago Fernández de Guevara y Rodoselovics, Juan Humphrey, David Maudos, Joaquin L13 - Oligopoly and Other Imperfect Markets D43 - Oligopoly and Other Forms of Market Imperfection G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages We model bank oligopoly behaviour using price and non-price competition as strategic variables in an expanded conjectural variations framework. Rivals can respond to changes in both loan and deposit market prices as well as (non-price) branch market shares. The model is illustrated using data for Spain which, over 1986-2002, eliminated interest rate and branching restrictions and set off a competitive race to lock-in expanded market shares. Banks use both interest rates and branches as strategic variables and both have changed over time. We illustrate the results using a regional vs. a national specification for the relevant markets. 2009 MPRA Paper NonPeerReviewed application/pdf en https://mpra.ub.uni-muenchen.de/17612/1/MPRA_paper_17612.pdf Carbo Valverde, Santiago and Fernández de Guevara y Rodoselovics, Juan and Humphrey, David and Maudos, Joaquin (2009): Estimating the intensity of price and non-price competition in banking. Forthcoming in: Banks and Bank Systems , Vol. 4, No. 2 (2009) en info:eu-repo/semantics/objectFile info:eu-repo/semantics/humanStartPage