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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 Universityen_US
dc.contributor.otherBangkok Universityen_US
dc.date.accessioned2018-06-11T04:31:59Z
dc.date.available2018-06-11T04:31:59Z
dc.date.issued2012-01-01en_US
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-stationary 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. © 2012 EuroJournals Publishing, Inc.en_US
dc.identifier.citationEuropean Journal of Scientific Research. Vol.69, No.2 (2012), 218-223en_US
dc.identifier.issn1450202Xen_US
dc.identifier.issn1450216Xen_US
dc.identifier.other2-s2.0-84856184111en_US
dc.identifier.urihttps://repository.li.mahidol.ac.th/handle/20.500.14594/13525
dc.rightsMahidol Universityen_US
dc.rights.holderSCOPUSen_US
dc.source.urihttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=84856184111&origin=inwarden_US
dc.subjectAgricultural and Biological Sciencesen_US
dc.subjectComputer Scienceen_US
dc.subjectEarth and Planetary Sciencesen_US
dc.subjectEngineeringen_US
dc.subjectMaterials Scienceen_US
dc.subjectMathematicsen_US
dc.titleA dynamic analysis of market power in the U.S. mortgage lending marketen_US
dc.typeArticleen_US
dspace.entity.typePublication
mu.datasource.scopushttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=84856184111&origin=inwarden_US

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