Degree of Competition in the Japanese Securities Industry

Tsutsui, Yoshiro; Kamesaka, Akiko

Degree of Competition in the Japanese Securities Industry

Tsutsui, Yoshiro; Kamesaka, Akiko

Discussion Papers In Economics And Business, 2004, 02-10-Rev.

アクセス数:207件（2025-05-11 21:59 集計）

固定URL: https://hdl.handle.net/11094/13630

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タイトル	Degree of Competition in the Japanese Securities Industry
著者	NRID 1000050163845 1000050163845 著者名 Tsutsui, Yoshiro
著者	NRID 1000070276666 1000070276666 著者名 Kamesaka, Akiko
キーワード等	Panzar-Rosse
	H-statistic
	degree of competition
	securities industry
	Japan
内容	* Revised: Competition in Japanese Securities Industry [02-10, 2002]
抄録	This paper investigates the competitive condition of the Japanese securities industry overthe period 1983 to 2002 using the H-statistic proposed by Panzar and Rosse. Our resultsindicate that the Japanese securities industry was not in monopoly equilibrium in period 1(1983–88) and period 3 (1997–2002), while this possibility cannot be rejected in period 2(1991–96). Thus, competition deteriorated in period 2, and then it recovered and becamemore competitive recently, even compared with period 1. The industry has not facedperfect competition, notwithstanding its undergoing financial reform.
出版者	Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
収録物名	Discussion Papers In Economics And Business
巻(号)	02-10-Rev.
刊行年月	2004-07
言語	英語
ハンドルURL	https://hdl.handle.net/11094/13630
NCID	AA1160366X
関連情報 (references)	URI http://www2.econ.osaka-u.ac.jp/library/global/dp/0210R.pdf
アクセス権	metadata only access
カテゴリ	ディスカッション／ワーキング・ペーパー DP/WP
カテゴリ	Discussion Papers In Economics And Business
最終更新日	2004-07

資源タイプ	テクニカルレポート
ローカル資源タイプ	ディスカッション／ワーキング・ペーパー
DCMI資源タイプ	text
DCTERMS.bibliographicCitation	Discussion Papers In Economics And Business. 2004, 02-10-Rev.
DC.title	Degree of Competition in the Japanese Securities Industry
DC.creator	Tsutsui, Yoshiro
DC.creator	Kamesaka, Akiko
DC.publisher	Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
DC.language' scheme='DCTERMS.RFC1766	英語
DC.type' scheme='DCTERMS.DCMIType	text
DCTERMS.issued' scheme='DCTERMS.W3CDTF	2004-07
DC.relation' scheme='DCTERMS.URI	http://www2.econ.osaka-u.ac.jp/library/global/dp/0210R.pdf
DC.subject	Panzar-Rosse
	H-statistic
	degree of competition
	securities industry
	Japan
DC.description	* Revised: Competition in Japanese Securities Industry [02-10, 2002]
DCTERMS.abstract	This paper investigates the competitive condition of the Japanese securities industry overthe period 1983 to 2002 using the H-statistic proposed by Panzar and Rosse. Our resultsindicate that the Japanese securities industry was not in monopoly equilibrium in period 1(1983–88) and period 3 (1997–2002), while this possibility cannot be rejected in period 2(1991–96). Thus, competition deteriorated in period 2, and then it recovered and becamemore competitive recently, even compared with period 1. The industry has not facedperfect competition, notwithstanding its undergoing financial reform.
DC.format	13630
citation_title	Degree of Competition in the Japanese Securities Industry
citation_author	Tsutsui, Yoshiro
citation_author	Kamesaka, Akiko
citation_publisher	Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
citation_language	英語
citation_date	2004-07
citation_journal_title	Discussion Papers In Economics And Business
citation_volume	02-10-Rev.
citation_public_url	https://hdl.handle.net/11094/13630
citation_abstract_html_url	http://www2.econ.osaka-u.ac.jp/library/global/dp/0210R.pdf

Degree of Competition in the Japanese Securities Industry

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