Branch Banking and the Geography of Bank Pricing
研究银行分支网络如何通过扩大竞争的地理范围来缓解局部市场势力，即使分支银行允许银行通过选址差异化。理论模型和实证证据表明，外围地区的银行服务定价更具竞争性。
We show that bank branching tends to mitigate localized market power by broadening the geographic scope of competition among banks, even though branch banking allows banks to differentiate themselves through their choices of branch locations. Banking services at peripheral locations will be priced more competitively when those locales are served by branch networks. We develop a theoretical model in support of this view and offer empirical evidence. © 1998 by the President and Fellows of Harvard College and the Massachusetts Institute of Technolog