Has Competition in the Japanese Banking Sector Improved?

Figure 3. Estimates of θ_t for regional banks

— —estimates
—■—95% upper
—⅛—95% lower

—X— 1/n

Note: MVR estimates of θ_t in Table 3 are shown with their 95% confidence interval. Line of 1/n corresponds to Cournot oligopoly, line at zero to
perfect competition, and line at unity to joint profit maximization.

31

<<   <   31   32   33   34   35   36   37   >   >>