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An Empirical Study on the Degree of China Trust Market Competition Based on Panzar-Rosse Model

Author

Listed:
  • Zhu Liping

    (Department of Aviation Operations Engineering, School of Aeroplane Transport, Shanghai University of Engineering Science – Shanghai, China)

Abstract

The paper has an empirical study on the degree of China trust market competition based on Panzar-Rosse model, using the panel data of 43 trust companies during the year of 2008-2012.The empirical result shows that China trust has market structure of monopolistic competition. Furthermore, the paper reveals the factors leading to China turst market structure of monopolistic competition, which includes the declining trend in the degree of China turst market concentration, prominent homogenization of trust products, and obvious features of the administrative region segmentation.

Suggested Citation

  • Zhu Liping, 2017. "An Empirical Study on the Degree of China Trust Market Competition Based on Panzar-Rosse Model," Business, Management and Economics Research, Academic Research Publishing Group, vol. 3(9), pages 170-175, 09-2017.
    • Handle: RePEc:arp:bmerar:2017:p:170-175
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    References listed on IDEAS

    as
    1. Panzar, John C & Rosse, James N, 1987. "Testing for "Monopoly" Equilibrium," Journal of Industrial Economics, Wiley Blackwell, vol. 35(4), pages 443-456, June.
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