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Cited by 417

The DOI matches its Crossref record; 75 of the 75 references it cites were found in a registry or an index.

Enjoying the Quiet Life under Deregulation? Evidence from Adjusted Lerner Indices for U.S. Banks

Open access
Koetter, Michael, Kolari, James W., Spierdijk, Laura·2012·Review of Economics and Statistics
DOI 10.1162/rest_a_00155
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Abstract

The quiet life hypothesis posits that firms with market power incur inefficiencies rather than reap monopolistic rents. We propose a simple adjustment to Lerner indices to account for the possibility of foregone rents to test this hypothesis. For a large sample of U.S. commercial banks, we find that adjusted Lerner indices are significantly larger than conventional Lerner indices and trending upward over time. Instrumental variable regressions reject the quiet life hypothesis for cost inefficiencies. However, Lerner indices adjusted for profit inefficiencies reveal a quiet life among U.S. banks.

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Metadata

Authors
Koetter, M., Kolari, J. W., & Spierdijk, L.
Venue
Review of Economics and Statistics
Publisher
MIT Press - Journals
Published
2012-05
Volume
94
Issue
2
Pages
462-480
ISSN
  • 0034-6535 (ISSN-L)
  • 1530-9142
DOI
10.1162/rest_a_00155
OpenAlex
W3125921912
Cited by
417
References
75
FWCI
16.59
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Enjoying the Quiet Life under Deregulation? Evidence from Adjusted Lerner Indices for U.S. Banks. https://app.cochat.ai/papers/10.1162/rest_a_00155
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Koetter, M., Kolari, J. W., & Spierdijk, L. (2012). Enjoying the Quiet Life under Deregulation? Evidence from Adjusted Lerner Indices for U.S. Banks. Review of Economics and Statistics. https://doi.org/10.1162/rest_a_00155

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