The evolving patterns of competition after deregulation

  1. Gómez Villascuerna, Jaime 2
  2. Orcos Sánchez, Raquel 1
  3. Palomas Doña, Sergio 1
  1. 1 Universidad de Zaragoza
    info

    Universidad de Zaragoza

    Zaragoza, España

    ROR https://ror.org/012a91z28

  2. 2 Universidad de La Rioja
    info

    Universidad de La Rioja

    Logroño, España

    ROR https://ror.org/0553yr311

Journal:
Notas técnicas: [continuación de Documentos de Trabajo FUNCAS]

ISSN: 1988-8767

Year of publication: 2011

Issue: 620

Type: Working paper

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Abstract

This article proposes a dynamic localized competition model in which the key determinants of competition vary over time. When configuring their activities, firms must simultaneously respond to the expectations held by their institutional context and to the technical demands of their activities. Accordingly, we focus on institutional and technical dimensions as determinants of the competitive map. Our research is conducted in the Spanish Banking sector in the period 1991-2009, immediately after an unprecedented deregulation process. Our findings demonstrate that competitive patterns change after an external shock. Furthermore, we conclude that in dynamic environments competitive patterns may not be appropriately analyzed taking a static perspective.

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