A Dynamic Analysis of Market Power in the U.S. Mortgage Lending Market.

• Main Authors: Pandej Chintrakarn, Paan Jindapon
• Other Authors: Mahidol University. Mahidol University International College. Business Administration Division
• Format: Article
• Language: English
• Published: 2015
• Subjects: Market power; Industrial organization
• Online Access: https://repository.li.mahidol.ac.th/handle/123456789/10973
• Institution: Mahidol University

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-tationary data, and to incorporate d...