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http://ssrn.com/abstract=1091863
 
 

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Deregulation, Competition and Consumer Welfare in Banking Market: Evidence from Hong Kong


Chun-Yu Ho


Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management

December 1, 2007

HKIMR Working Paper No. 24/2007

Abstract:     
This paper examines competition among commercial banks following deregulation in a small open economy. I jointly estimate a system of differentiated product demand and pricing equations, and use conduct parameters to identify market structure. The empirical results show that the banking sector is characterized by the Nash-Bertrand equilibrium in which bank size is important for product differentiation. Following deregulation, bank competition intensifies and cost efficiency improves.

Number of Pages in PDF File: 29

Keywords: Banking, Conduct Parameters, Consumer Welfare, Demand, Deregulation, Hong Kong, Product Differentiation

JEL Classification: G21, L13

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Date posted: February 12, 2008  

Suggested Citation

Ho, Chun-Yu, Deregulation, Competition and Consumer Welfare in Banking Market: Evidence from Hong Kong (December 1, 2007). HKIMR Working Paper No. 24/2007. Available at SSRN: http://ssrn.com/abstract=1091863 or http://dx.doi.org/10.2139/ssrn.1091863

Contact Information

Hong Kong Institute For Monetary Research Working Paper Series (Contact Author)
affiliation not provided to SSRN
Chun-Yu Ho
Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management ( email )
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