The DOI matches its Crossref record.
The Price-Concentration Relationship in Banking
Abstract
The commonly observed positive correlation between market concentration and profitability may be explained by noncompetitive pricing behavior, as argued by the structure-performance hypothesis, or by the greater efficiency of firms with dominant market shares, as argued by the efficient-structure hypothesis. By examining the price-concentration relationship instead of the profit-concentration relationship, this paper tests the structure-performance hypothesis in a manner that excludes the efficient-structure hypothesis as an alternative explanation of the results. The results strongly support the structure-performance hypothesis and are robust with respect to model specification, measurement of concentration, and econometric technique. Copyright 1989 by MIT Press.
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Citations
Cited by
Entry Restrictions, Industry Evolution, and Dynamic Efficiency: Evidence From Commercial Banking
Jayaratne, J., & Strahan, P. E. (1998) · The Journal of Law and Economics · doi:10.1086/467390 · Cited by 543
Ultimate Ownership and Bank Competition
Azar, J., Raina, S., & Schmalz, M. C. (2016) · doi:10.2139/ssrn.2710252 · Cited by 327
Bank Mergers and Crime: The Real and Social Effects of Credit Market Competition
GARMAISE, M. J., & MOSKOWITZ, T. J. (2006) · The Journal of Finance · doi:10.1111/j.1540-6261.2006.00847.x · Cited by 254
Metadata
- Authors
- Berger, A. N., & Hannan, T. H.
- Venue
- The Review of Economics and Statistics
- Publisher
- JSTOR
- Published
- 1989-05
- Volume
- 71
- Issue
- 2
- Pages
- 291
- ISSN
- 0034-6535 (ISSN-L)
- OpenAlex
- W1984931632
- Cited by
- 898
- References
- 0
- FWCI
- 14.40
- Type
- journal article
- Language
- en
- Open access
- closed
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