A test of perfect competition in the UK retail-banking deposit market

J. K. Ashton*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review


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 languageEnglish
Pages (from-to)119-132
Number of pages14
JournalService industries journal
Issue number4
Publication statusPublished - 2001

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