Competition Conditions and Market Power in the Mexican Commercial Banking Market. A Microeconomic Theoretical Approach
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| Natura: | Artículo científico |
| Lingua: | en |
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Universidad Católica de Colombia
2020
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| _version_ | 1876473557919203328 |
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| author | Jacques Lartigue-Mendoza |
| author_facet | Jacques Lartigue-Mendoza |
| contents | Competition Conditions and Market Power in the Mexican Commercial Banking Market. A Microeconomic Theoretical Approach Jacques Lartigue-Mendoza Kenneth Azael Ayala-Navarro Gustavo Enrique Sauri-Alpuche Economía y Finanzas market power competition conditions Mexican commercial banking market This study assesses, from a microeconomic theoretical perspective, competition conditions and market power in the Mexican commercial banking market. Our econometric estimations, using time series, indicate a low price elasticity of demand for bank credit, which, in combination with high market shares and according to the Lerner index, indicates that major banks have elevated market power; the proffered values of the Lerner index range between (0.11) and (0.68) for the seven leading banks, (0.00) for small banks, and (0.34) for the weighted average of the entire market. On the other hand, the estimated competition indicators confirm the exercise of market power and the lack of a competitive market, during at least the last decade, resulting in a large fraction of unserved economic agents by commercial banks. 2020 artículo científico 2248-6046 https://www.redalyc.org/articulo.oa?id=323568443003 https://www.redalyc.org/journal/3235/323568443003/ https://www.redalyc.org/journal/3235/323568443003/html/ https://www.redalyc.org/journal/3235/323568443003/323568443003.epub https://www.redalyc.org/journal/3235/323568443003/movil 10.14718/revfinanzpolitecon.v12.n2.2020.2814 en http://www.redalyc.org/revista.oa?id=3235 Revista Finanzas y Política Económica application/pdf Universidad Católica de Colombia Revista Finanzas y Política Económica (Colombia) Num.2 Vol.12 |
| format | Artículo científico |
| id | redalyc_323568443003 |
| institution | Redalyc |
| language | en |
| publishDate | 2020 |
| publisher | Universidad Católica de Colombia |
| spellingShingle | Competition Conditions and Market Power in the Mexican Commercial Banking Market. A Microeconomic Theoretical Approach Jacques Lartigue-Mendoza Economía y Finanzas market power competition conditions Mexican commercial banking market Competition Conditions and Market Power in the Mexican Commercial Banking Market. A Microeconomic Theoretical Approach Jacques Lartigue-Mendoza Kenneth Azael Ayala-Navarro Gustavo Enrique Sauri-Alpuche Economía y Finanzas market power competition conditions Mexican commercial banking market This study assesses, from a microeconomic theoretical perspective, competition conditions and market power in the Mexican commercial banking market. Our econometric estimations, using time series, indicate a low price elasticity of demand for bank credit, which, in combination with high market shares and according to the Lerner index, indicates that major banks have elevated market power; the proffered values of the Lerner index range between (0.11) and (0.68) for the seven leading banks, (0.00) for small banks, and (0.34) for the weighted average of the entire market. On the other hand, the estimated competition indicators confirm the exercise of market power and the lack of a competitive market, during at least the last decade, resulting in a large fraction of unserved economic agents by commercial banks. 2020 artículo científico 2248-6046 https://www.redalyc.org/articulo.oa?id=323568443003 https://www.redalyc.org/journal/3235/323568443003/ https://www.redalyc.org/journal/3235/323568443003/html/ https://www.redalyc.org/journal/3235/323568443003/323568443003.epub https://www.redalyc.org/journal/3235/323568443003/movil 10.14718/revfinanzpolitecon.v12.n2.2020.2814 en http://www.redalyc.org/revista.oa?id=3235 Revista Finanzas y Política Económica application/pdf Universidad Católica de Colombia Revista Finanzas y Política Económica (Colombia) Num.2 Vol.12 |
| title | Competition Conditions and Market Power in the Mexican Commercial Banking Market. A Microeconomic Theoretical Approach |
| topic | Economía y Finanzas market power competition conditions Mexican commercial banking market |
| url | https://www.redalyc.org/articulo.oa?id=323568443003 https://www.redalyc.org/journal/3235/323568443003/ https://www.redalyc.org/journal/3235/323568443003/html/ https://www.redalyc.org/journal/3235/323568443003/323568443003.epub https://www.redalyc.org/journal/3235/323568443003/movil |