market size service quality and competition in banking astrid a dick this version august 2005 first may 2002 abstract local markets depict enormous variation population yet paper finds that the nature of bank across is strikingly similar remain similarly concentrated regardless second number dom inant banks roughly constant di erent it fringe increases with third larger higher for dominant findings suggest use fixed cost investments to capture additional demand when grows thereby raising barriers entry jel codes g21 l1 keywords sunk costs economist research statistics group federal reserve new york ny frb org opinions expressed do not necessarily reflect those system or based on earlier work titled structure an application industry from author s ph d dissertation circulated previously under title
