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A Dynamic Analysis of Market Power in the U.S. Mortgage Lending Market.

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dc.contributor.authorPandej Chintrakarnen_US
dc.contributor.authorPaan Jindaponen_US
dc.contributor.otherMahidol University. Mahidol University International College. Business Administration Divisionen_US
dc.date.accessioned2015-09-10T06:54:08Z
dc.date.accessioned2018-04-24T09:07:08Z
dc.date.available2015-09-10T06:54:08Z
dc.date.available2018-04-24T09:07:08Z
dc.date.created2015
dc.date.issued2012
dc.description.abstractThis paper examines market power in mortgage lending market in the U.S., applying a dynamic reformulation of the Bresnahan-Lau model in an error correcting framework. The most common motivation for using this model is to solve the inference problem when using non-tationary data, and to incorporate dynamic factors such as habit formation from the demand side and adjustment costs for the producer. The results suggest that commercial banks exercise market power in mortgage loan market in the long run. The estimated markup of 82% is statistically significant at the 1% level.en_US
dc.identifier.citationEuropean Journal of Scientific Research. Vol. 69, No.2 (2012), 218-223en_US
dc.identifier.urihttps://repository.li.mahidol.ac.th/handle/20.500.14594/10973
dc.language.isoengen_US
dc.rightsMahidol Universityen_US
dc.subjectMarket poweren_US
dc.subjectIndustrial organizationen_US
dc.titleA Dynamic Analysis of Market Power in the U.S. Mortgage Lending Market.en_US
dc.typeArticleen_US
dspace.entity.typePublication

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