Timothy H Hannan
Biographic Data
| ID | 5739420 |
|---|---|
| NAME | Timothy H Hannan |
| GIVEN NAMES | Timothy H |
| FAMILY NAME | Hannan |
| SIGNATURE | HANNAN T H |
| AFFILIATIONS | Federal Reserve |
| VERIFIED | No |
| TOTAL WORKS | 9 |
| TOTAL CITATIONS | 6 |
| WORKS AS AUTHOR | 9 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1979 |
| LATEST PUBLICATION YEAR | 1998 |
| H-INDEX | 2 |
The Efficiency Cost of Market Power in the Banking Industry
Traditional concerns about concentration in product markets have centered on the social loss associated with the mispricing that occurs when market power is exercised. This paper focuses on a potentially greater loss from market power—a reduction in cost efficiency brought about by the lack of market discipline in concentrated markets. We employ data from the commercial banking industry, which produces very homogeneous products in multiple market…
Discrimination, Competition, and Loan Performance in FHA Mortgage Lending
This study tests for the presence of prejudicial or “noneconomic” discrimination on the part of mortgage lenders by evaluating the performance of home mortgage loans. The approach differs from that of previous studies of loan performance in that it is based on the proposition that noneconomic discrimination should be more pronounced in less competitive lending environments, while statistical discrimination should not. Using a rich set of FHA-insu…
The Price-Concentration Relationship in Banking
Berger, Allen N., and Timothy H. Hannon, The Price-Concentration Relationship in Banking, this REVIEW 71 (May 1989), 291-299. Demsetz, Harold, Industry Structure, Rivalry, and Public Policy, Journal of Law and Economics 16 (Apr. 1973), 1-9. Jackson, William E. III, Market Structure and Price Adjustments: Evidence from the Banking Industry, unpublished Ph.D. dissertation, University of Chicago, June 1989. Peltzman, Samuel, The Gains and Losses fro…
The Impact of Technology Adoption on Market Structure
This paper examines the impact of bank adoptions of automated teller machines (ATMS) on subsequent levels of concentration in local banking markets. The findings suggest that banks have had some success in using ATMs to attract customers from competitors. As a consequence, technology adoption's impact on market structure depends upon whether it is the larger or smaller firms within the market that adopt the new technology. Large firm adoptions in…
The Price-Concentration Relationship in Banking
The commonly observed positive correlation between market concentration and profitability may be explained by noncompetitive pricing behavior, as argued by the structure-performance hypothesis, or by the greater efficiency of firms with dominant market shares, as argued by the efficient-structure hypothesis. By examining the price-concentration relationship instead of the profit-concentration relationship, this paper tests the structure-performan…
Acquisition Targets and Motives
Findings do not indicate poorly-managed firms are more likely to be acquired than well-managed firms. The analysis uses a sample of 1, 046Texas banks that existed in 1970, out of which 201 were acqui red during the period 1970-82. A multinomial logit procedure is used to estimate the relationship between the likelihood of acquisition and the characteristics of the target firm and its market. Additional results suggest that firms with la rge marke…
Rival Precedence and the Dynamics of Technology Adoption
This study employs information on the adoption of automatic teller machines by banking firms to examine the nature of firm reactions to rival precedence in the adoption process Using a failure-time estimation procedure, it is found that the ado ption of this innovation by rivals increases the conditional probabil ity that a decision to adopt will be made. The effect of spillovers f rom technology adoption and the interaction of market concentrati…
Market Concentration and the Diffusion of New Technology in the Banking Industry
Expense-Preference Behavior in Banking
Expense-Preference Behavior in Banking
Rival Precedence and the Dynamics of Technology Adoption
This study employs information on the adoption of automatic teller machines by banking firms to examine the nature of firm reactions to rival precedence in the adoption process Using a failure-time estimation procedure, it is found that the ado ption of this innovation by rivals increases the conditional probabil ity that a decision to adopt will be made. The effect of spillovers f rom technology adoption and the interaction of market concentrati…
Expense-Preference Behavior in Banking
Market Concentration and the Diffusion of New Technology in the Banking Industry
Acquisition Targets and Motives
Findings do not indicate poorly-managed firms are more likely to be acquired than well-managed firms. The analysis uses a sample of 1, 046Texas banks that existed in 1970, out of which 201 were acqui red during the period 1970-82. A multinomial logit procedure is used to estimate the relationship between the likelihood of acquisition and the characteristics of the target firm and its market. Additional results suggest that firms with la rge marke…
Rival Precedence and the Dynamics of Technology Adoption
This study employs information on the adoption of automatic teller machines by banking firms to examine the nature of firm reactions to rival precedence in the adoption process Using a failure-time estimation procedure, it is found that the ado ption of this innovation by rivals increases the conditional probabil ity that a decision to adopt will be made. The effect of spillovers f rom technology adoption and the interaction of market concentrati…
The Price-Concentration Relationship in Banking
The commonly observed positive correlation between market concentration and profitability may be explained by noncompetitive pricing behavior, as argued by the structure-performance hypothesis, or by the greater efficiency of firms with dominant market shares, as argued by the efficient-structure hypothesis. By examining the price-concentration relationship instead of the profit-concentration relationship, this paper tests the structure-performan…
The Impact of Technology Adoption on Market Structure
This paper examines the impact of bank adoptions of automated teller machines (ATMS) on subsequent levels of concentration in local banking markets. The findings suggest that banks have had some success in using ATMs to attract customers from competitors. As a consequence, technology adoption's impact on market structure depends upon whether it is the larger or smaller firms within the market that adopt the new technology. Large firm adoptions in…
The Price-Concentration Relationship in Banking
Berger, Allen N., and Timothy H. Hannon, The Price-Concentration Relationship in Banking, this REVIEW 71 (May 1989), 291-299. Demsetz, Harold, Industry Structure, Rivalry, and Public Policy, Journal of Law and Economics 16 (Apr. 1973), 1-9. Jackson, William E. III, Market Structure and Price Adjustments: Evidence from the Banking Industry, unpublished Ph.D. dissertation, University of Chicago, June 1989. Peltzman, Samuel, The Gains and Losses fro…
The Efficiency Cost of Market Power in the Banking Industry
Traditional concerns about concentration in product markets have centered on the social loss associated with the mispricing that occurs when market power is exercised. This paper focuses on a potentially greater loss from market power—a reduction in cost efficiency brought about by the lack of market discipline in concentrated markets. We employ data from the commercial banking industry, which produces very homogeneous products in multiple market…
Discrimination, Competition, and Loan Performance in FHA Mortgage Lending
This study tests for the presence of prejudicial or “noneconomic” discrimination on the part of mortgage lenders by evaluating the performance of home mortgage loans. The approach differs from that of previous studies of loan performance in that it is based on the proposition that noneconomic discrimination should be more pronounced in less competitive lending environments, while statistical discrimination should not. Using a rich set of FHA-insu…
Economics (8 works) · Business (7 works) · Banking stability, regulation, efficiency (6 works) · Corporate Finance and Governance (4 works) · Econometrics (4 works) · Housing Market and Economics (4 works) · Industrial organization (4 works) · Monetary economics (4 works) · Financial system (3 works) · Banking industry (2 works)