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- W2000913249 abstract "If a market is perfectly contestable, incumbent firms in even highly concentrated markets will produce a level of output consistent with a welfare maximum. Alternatively, if a market is imperfectly contestable, the conduct of intumbent firms will be influenced by the degree of actual and potential competition. The results of our simultaneous, two-equation model of bank behavior and actualized potential competition lead to the conclusion that rural banking markets are imperfectly contestable. This finding suggests that rural bank policy should continue to promote both actual and potential competition." @default.
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- W2000913249 date "1995-09-01" @default.
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- W2000913249 title "Local characteristics, contestability, and the dynamic structure of rural banking: A market study" @default.
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- W2000913249 doi "https://doi.org/10.1016/1062-9769(95)90069-1" @default.
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