Publication:
A dynamic analysis of market power in the U.S. mortgage lending market

Issued Date

2012-01-01

Resource Type

Article

ISSN

1450202X
1450216X

Other identifier(s)

2-s2.0-84856184111

Rights

Mahidol University

Rights Holder(s)

SCOPUS

Bibliographic Citation

European Journal of Scientific Research. Vol.69, No.2 (2012), 218-223

Suggested Citation

Pandej Chintrakarn, Paan Jindapon A dynamic analysis of market power in the U.S. mortgage lending market. European Journal of Scientific Research. Vol.69, No.2 (2012), 218-223. Retrieved from: https://repository.li.mahidol.ac.th/handle/123456789/13525

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Title

A dynamic analysis of market power in the U.S. mortgage lending market

Author(s)

Pandej Chintrakarn
 Paan Jindapon

Other Contributor(s)

Mahidol University
 Bangkok University

Abstract

This 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.

Keyword(s)

Agricultural and Biological Sciences
 Computer Science
 Earth and Planetary Sciences
 Engineering
 Materials Science
 Mathematics

Availability

URI

https://repository.li.mahidol.ac.th/handle/123456789/13525

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Scopus 2011-2015
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