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The Effects of Entry Regulation on Oligopolistic Interaction: The Uruguayan Banking Sector

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Author Info
Pablo T. Spiller
Edgardo Favaro

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Abstract

This article develops a methodology to test alternative oligopoly models and to analyze the effects of entry restrictions on conduct. This methodology is applied to the Uruguayan banking sector, whose legal entry barriers were significantly relaxed during the late 1970s. The results are consistent with a von Stackelberg type of industry where the degree of oligopolistic interaction among the leading firms is reduced as a consequence of the relaxation of the legal entry barriers.

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File URL: http://links.jstor.org/sici?sici=0741-6261%28198422%2915%3A2%3C244%3ATEOERO%3E2.0.CO%3B2-C&origin=repec
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Publisher Info
Article provided by The RAND Corporation in its journal RAND Journal of Economics.

Volume (Year): 15 (1984)
Issue (Month): 2 (Summer)
Pages: 244-254
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Handle: RePEc:rje:randje:v:15:y:1984:i:summer:p:244-254

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  1. Denizer, Cevdet, 1997. "The effects of financial liberalization and new bank entry on market structure and competition in Turkey," Policy Research Working Paper Series 1839, The World Bank. [Downloadable!]
  2. David Genesove & Wallace P. Mullin, 1995. "Validating the Conjectural Variation Method: The Sugar Industry, 1890- 1914," NBER Working Papers 5314, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  3. Goddard, Ellen & Shank, Ben & Panter, Chris & Nilsson, Tomas & Cash, Sean, 2007. "Canadian Chicken Industry: Consumer Preferences, Industry Structure and Producer Benefits from Investment in Research and Advertising," Project Report Series 52088, University of Alberta, Department of Rural Economy. [Downloadable!]
  4. Karl-Hermann Fischer / Christian Pfeil, 2003. "Regulation and Competition in German Banking: An Assessment," CFS Working Paper Series 2003/19, Center for Financial Studies. [Downloadable!]
  5. Dae-Wook Kim & Christopher R. Knittel, 2004. "Biases in Static Oligopoly Models? Evidence from the California Electricity Market," NBER Working Papers 10895, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  6. Reiss, Peter C. & Wolak, Frank A., 2003. "Structural Econometric Modeling: Rationales and Examples from Industrial Organization," Research Papers 1831, Stanford University, Graduate School of Business. [Downloadable!]
  7. Ari Hyytinen & Otto Toivanen, 2000. "Monitoring and Market Power in Credit Markets," Econometric Society World Congress 2000 Contributed Papers 1879, Econometric Society. [Downloadable!]
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  8. Isayenko Oleksiy & Maryanchyk Ivan, 2006. "Market power in oligopoly: The case of the Ukrainian cement industry," EERC Working Paper Series 06-06e, EERC Research Network, Russia and CIS. [Downloadable!]
  9. Federico S. Mandelman, 2006. "Business cycles: a role for imperfect competition in the banking system," Working Paper 2006-21, Federal Reserve Bank of Atlanta. [Downloadable!]
  10. Juan Coello, 1994. "¿Son las cajas y los bancos estratégicamente equivalentes?," Investigaciones Economicas, Fundación SEPI, vol. 18(2), pages 313-332, May. [Downloadable!]
  11. Cotterill, Ronald W. & Putsis, William P., Jr. & Dhar, Ravi, 1999. "Assessing the Competitive Interaction Between Private Labels and National Brands," Research Reports 25177, University of Connecticut, Food Marketing Policy Center. [Downloadable!]
  12. Chun-Yu Ho, 2007. "Deregulation, Competition and Consumer Welfare in Banking Market: Evidence from Hong Kong," Working Papers 242007, Hong Kong Institute for Monetary Research. [Downloadable!]
  13. Natasa Koutsomanoli & Christos Staikouras, 2004. "Competition and Concentration," Money Macro and Finance (MMF) Research Group Conference 2004 26, Money Macro and Finance Research Group. [Downloadable!]
  14. Nicola Cetorelli & Paolo Angelini, 1999. "Bank competition and regulatory reform: the case of the Italian banking industry," Working Paper Series WP-99-32, Federal Reserve Bank of Chicago. [Downloadable!]
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  15. Putsis, William P., Jr., 1998. "Empirical Analysis of Competitive Interaction in Food Product Categories," Research Reports 25221, University of Connecticut, Food Marketing Policy Center. [Downloadable!]
  16. E. Santarelli, 1997. "Patterns of new firm Survival and Growth in the Italian Financial Intermediation Industry," Working Papers 278, Dipartimento Scienze Economiche, Universita' di Bologna. [Downloadable!]
  17. Daniel Sullivan, 1989. "Monopsony Power in the Market for Nurses," NBER Working Papers 3031, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  18. Cotterill, Ronald W. & Putsis, William P., Jr. & Dhar, Ravi, 2000. "Market Share and Price Setting Behavior For Private Labels and National Brands," Research Reports 25209, University of Connecticut, Food Marketing Policy Center. [Downloadable!]
  19. Bulavsky, V.A. & Kalashnikov, V.V., 1999. "Equilibrium in generalized Cournot and Stackelberg models," Discussion Paper 116, Tilburg University, Center for Economic Research. [Downloadable!]
  20. Adrian E. Tschoegl, 1997. "Entry and Survival: The Case of Foreign Banks in Norway," Center for Financial Institutions Working Papers 97-40, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
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