New Economics Papers
on Efficiency and Productivity
Issue of 2005‒02‒06
two papers chosen by

  1. Measuring Conduct and Cost Parameters in the Spanish Air Transport Market By Fageda, X.
  2. Bank Privatization and Performance: Empirical Evidence from Nigeria By Thorsten Beck; Robert Cull; Afeikhena Jerome

  1. By: Fageda, X. (Universitat de Barcelona)
    Abstract: This paper estimates a model airline competition for the Spanish air transport market. I test the explanatory power of alternative oligopoly models with capacity constraints. In addition, I analyse the degree of density economies. Results show that Spanish airlines conduct follows a price-leadership scheme so that it is less competitive than the Cournot solution. I also fin the evidence that thin routes can be cosidered as natural monopolies
    JEL: D43 L13 L93 C30
    Date: 2004
  2. By: Thorsten Beck (World Bank); Robert Cull (World Bank); Afeikhena Jerome
    Abstract: Beck, Cull, and Jerome assess the effect of privatization on performance in a panel of Nigerian banks for the period 1990–2001. They find evidence of performance improvement in nine banks that were privatized, which is remarkable given the inhospitable environment for true financial intermediation. Their results also suggest negative effects of the continuing minority government ownership on the performance of many Nigerian banks. The authors’ results complement aggregate indications of decreasing financial intermediation over the 1990s. Banks that focused on investment in government bonds and non-lending activities enjoyed a relatively higher performance. This paper—a product of the Finance Team, Development Research Group—is part of a larger effort in the group to study the effects of bank privatization in developing countries.
    Keywords: Domestic Finance
    Date: 2005–02–03

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