Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
- Publication
Articles 1 - 2 of 2
Full-Text Articles in Social and Behavioral Sciences
An Empirical Test Of The Structure, Conduct-Performance Paradigm In The Asian And Pacific Basin Countries, Abdur Chowdhury
An Empirical Test Of The Structure, Conduct-Performance Paradigm In The Asian And Pacific Basin Countries, Abdur Chowdhury
Abdur R. Chowdhury
This paper tests the structure‐conduct‐performance paradigm in eighteen Asian and Pacific Basin countries. The results suggest that concentration in the banking markets in these countries lead to monopoly profits being earned and is a signal of collusive behaviour among the leading banks. Competitive imperfections allow banks to set prices that are less favourable to consumers thereby decreasing total consumer and producer surplus. This has important policy implications for merger activity. A further increase in concentration in the banking market in these countries will decrease the level of competition in the market. Regulatory actions, such as anti‐trust laws, are justified on …
Do Tournaments Have Incentive Effects?, Ronald Ehrenberg, Michael Bognanno
Do Tournaments Have Incentive Effects?, Ronald Ehrenberg, Michael Bognanno
Ronald G. Ehrenberg
Much attention has been devoted to studying models of tournaments or situations in which an individual's payment depends only on his or her output or rank relative to that of other competitors. Academic interest derives from the fact that under certain sets of assumptions, tournaments have desirable normative properties because of the incentive structures they provide. Our paper uses nonexperimental data to test whether tournaments actually elicit effort responses. We focus on professional golf tournaments because information on the incentive structure (prize distribution) and measures of individual output (players' scores) are both available. We find strong support for the proposition …