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ENJOYING THE QUIET LIFE UNDER DEREGULATION? EVIDENCE FROM ADJUSTED LERNER INDICES FOR U.S. BANKS

The quiet life hypothesis posits that firms with market power incur inefficiencies rather than reap monopolistic rents. We propose a simple adjustment to Lerner indices to account for the possibility of forgone rents to test this hypothesis. For a large sample of U.S. commercial banks, we find... Full description

1st Person: Koetter, Michael
Additional Persons: Kolari, James W. verfasserin; Spierdijk, Laura verfasserin
Source: in The review of economics and statistics Vol. 94, No. 2 (2012), p. 462-480
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Type of Publication: Article
Language: English
Published: 2012
Keywords: research-article
Online: Volltext
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