27 research outputs found
Estimativa de risco de contaminação de mananciais por agrotóxicos utilizados em culturas de café
Habitat Associations of the Larvae of the Genus Sphegina Meigen, 1822 (Diptera, Syrphidae) with Xylobiont Insects
A new species and rare species of the genus Campsicnemus Walker (Diptera, Dolichopodidae) in the Russian fauna
Hoverflies (Diptera, Syrphidae) in Agrolandscapes of St. Petersburg and Leningrad Province
A linear generalization of Stackelberg’s model
Cournot competition, Stackelberg, Preemption, C72, D43, L11,
The structure of the male genitalia of Aedes diantaeus Howard, Dyar et Knab (Diptera, Culicidae)
The fauna of bloodsucking insects of the gnus complex (Diptera) of Northwest Russia. Analysis of distribution
Entry into Banking Markets and the Early-Mover Advantage
Using a sample for 1972-2002 with over 10,000 bank entries into local markets, we find a market share advantage for early entrants. In particular, the earlier a bank enters, the larger is its market share relative to other banks, controlling for firm, market, and time effects, with a market share advantage for early movers between 1 and 15 percentage points, depending on the order of entry. The strongest early-mover advantage is for banks that were in our sample in 1972 and survive into the 1990s. Moreover, early entrants appear to have such hold in the market by strategically investing in larger branch networks. Even controlling for the potential survivorship bias, we find that a bank's share decreases by 0.1 percentage points for a change in its order of entry from "n"th to ("n"+ 1)th. High growth markets show a smaller difference between late and early movers, consistent with a larger fraction of consumers yet to be locked in with a bank in these markets. Copyright 2007 The Ohio State University.