Abstract
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 language | English |
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Pages (from-to) | 119-132 |
Number of pages | 14 |
Journal | Service industries journal |
Volume | 21 |
Issue number | 4 |
DOIs | |
Publication status | Published - 2001 |