A test of competition in Brazilian banking
This paper implements an empirical test of market power for Brazilian banking based on Bresnahan (1982) and Lau (1982). A dynamic version of the test is applied. The results show that the banking industry inBrazilis highly competitive, although the perfect competition hypothesis is rejected. The hy...
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| Formato: | article |
| Lenguaje: | EN PT |
| Publicado: |
Universidade de São Paulo
2002
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| Acceso en línea: | https://doaj.org/article/b0db146937dd4a1d90e060535f123ef2 |
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| Sumario: | This paper implements an empirical test of market power for Brazilian banking based on Bresnahan (1982) and Lau (1982). A dynamic version of the test is applied. The results show that the banking industry inBrazilis highly competitive, although the perfect competition hypothesis is rejected. The hypothesis that Brazilian banks behave like a cartel arrangement is also rejected.
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