| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19126 |
| 来源ID | Working Paper 19126 |
| The Effect of Mergers in Search Market: Evidence from the Canadian Mortgage Industry | |
| Jason Allen; Robert Clark; Jean-François Houde | |
| 发表日期 | 2013-06-13 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | We examine the relationship between concentration and price dispersion using variation induced by a merger in the Canadian mortgage market. Since interest rates are determined through a search and negotiation process, consolidation eliminates a potential negotiation part- ner, weakening consumers bargaining positions. We combine reduced-form techniques to es- timate the mergers distributional impact, with a structural model to measure market power across consumers with different search costs. Our results show that competition benefits only consumers at the bottom and middle of the transaction price distribution. Estimates from a search and negotiation model attribute these differences to the presence of large search frictions. |
| 主题 | Industrial Organization ; Market Structure and Firm Performance ; Antitrust ; Industry Studies |
| URL | https://www.nber.org/papers/w19126 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576801 |
| 推荐引用方式 GB/T 7714 | Jason Allen,Robert Clark,Jean-François Houde. The Effect of Mergers in Search Market: Evidence from the Canadian Mortgage Industry. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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