Testing for Pricing Behavior in the Mortgage Loan Market

被引：0
|
作者：
Park, Haerang [1 ]
机构：
[1] Seoul Natl Univ, Dept Econ, Seoul 08826, South Korea
来源：
ASIAN ECONOMIC JOURNAL | 2021年 / 35卷 / 03期
基金：
新加坡国家研究基金会;
关键词：
price collusion; structural estimation; empirical methodology; banking industry; mortgage rate; MULTIMARKET CONTACT; COMPETITION; RISK; POWER;
D O I：
10.1111/asej.12247
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study examines the pricing behavior of banks in the mortgage loan market. Firstly, the paper compares the loan pricing behavior of banks between two periods, one of which is marked as a more competitive state due to regulatory intervention. Secondly, the paper also test for the stock market reaction to model-implied collusive profits. Using data from banks in Korea, the paper find that mortgage loan rates are more consistent with cooperative pricing behavior than independent pricing behavior in the period from 2006 to 2012.
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页码：270 / 293
页数：24
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