Journal of Banking & Finance Vol. 26 No. 11 2002
Competition in the Dutch consumer credit market
open access
Abstract
This paper considers the degree of competitiveness of the Dutch consumer credit market. We use the well-known Bresnahan–Lau method that estimates a structural model consisting of a demand relation and a supply relation, based on aggregate data. The level of competition is derived from the estimated conjectural variation elasticity. Our empirical results show that there is no evidence of market power.
- DOI
- 10.1016/s0378-4266(02)00206-6
- Volume
- 26
- Issue
- 11
- Pages
- 2215-2229
- Language
- en
- Sources
- bibtex:phds-export.bib crossref openalex