Deregulation, intensity of competition, industry evolution and the productivity growth of US commercial banks

We study the influence of the evolution in intrastate and interstate deregulations on the total factor productivity growth of U.S. commercial banking during 1971–95. We consider statewide deregulations in intrastate branching, intrastate multibank holding company (MBHC), interstate multibank holding company, and interstate MBHC de novo branching regulations. Results indicate that (1) long-standing banking restrictions negatively affected banks’ productivity growth, and (2) relaxing restrictions on intrastate branching expansion had a positive long-run influence upon banks’ productivity growth. The effect of interstate MBHC deregulations is largely short run, and it is negative in the long run for interstate MBHC de novo branching deregulations.Dogan Tirtiroglu, Kenneth N. Daniels and Ercan Tirtirogluhttp://muse.jhu.edu/journals/journal_of_money_credit_and_banking

A Latent Variable Approach to Estimating Time-Varying Scale Efficiencies in U.S. Commercial Banking

Dogan Tirtiroglu, Ken Daniels, Ercan Tirtirogluhttp://www.boomerangbooks.com.au/Liquidity-Interest-Rates-Banking/Alexander-Guyton/book_9781606927755.ht

The threat of piracy on maritime transportation

Matt Elbeck and Ercan Tirtirogl

Qualifying Purchase Intentions Using Queueing Theory

We propose that a consumer’s purchase behaviour emulates a cognitive framework such that an appropriately selected queueing model can be used to assess the credibility of a consumer’s expression of purchase intention to proceed into purchase action. The modelling idea is to envision that the customer has a mental queue of needs, and the surfacing of a need represents a new arrival to this queue while a purchase satisfying a need represents a departure from the queue. Using queueing formulae (and/or readily available tables on queueing), several statistics known as "operating characteristics" can be computed to capture and describe the individual’s current need status. Hence, a description of the customer’s state of readiness or prospect of actually executing the expressed purchase intention for a product (good or service) whose future sales are of interest in a market survey may be obtained. In this paper, such a description is termed Individual Buyer Profile (IBP), and IBP is offered as a purchase intention qualifier.Ercan Tirtiroglu, Matt Elbec

Domino Effects Within a Housing Market: The Transmission of House Price Changes Across Quality Tiers

Housing, Homeownership, Ripple effect, Downpayment, Price dynamics, Equity effects, Public housing, Privatization, Domino effect, E32, H30, R21, R31,