000003991 001__ 3991
000003991 005__ 20250303150312.0
000003991 0247_ $$a10.3886/E127161V1$$2DOI
000003991 02470 $$a10.3886/E127161$$2DOI
000003991 041__ $$aeng
000003991 084__ $$aG21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages$$03138
000003991 084__ $$aG28 Government Policy and Regulation$$03142
000003991 084__ $$aL13 Oligopoly and Other Imperfect Markets$$03371
000003991 084__ $$aL51 Economics of Regulation$$03402
000003991 245__ $$aData and Code for: Cultural Affinity, Regulation and Market Structure: Evidence from the Canadian Retail Banking Industry
000003991 251__ $$a1
000003991 260__ $$bAmerican Economic Association
000003991 269__ $$a2022-01-25
000003991 336__ $$aDataset
000003991 506__ $$aFiles may be downloaded from digital repository linked in the DOI field
000003991 520__ $$aWe estimate a perfect information static entry game to study the effect of cultural entry barriers on entry and competition in the retail banking industry. Canada provides a favorable setting for analysis due to its high linguistic diversity, concentrated market, and regulatory entry barriers. We find that cultural affinity between customers and financial institutions that share a common cultural origin plays an important role in explaining the comparative advantages of these institutions in certain markets. Using several counterfactual experiments and additional empirical evidence, we show that the effectiveness of regulations intended to foster competition are significantly limited by cultural barriers, which is a key determinant that shapes the competitive landscape of the industry. <p><p> Data and code for peer-reviewed article published in American Economic Journal: Microeconomics.$$7Abstract
000003991 540__ $$aCreative Commons Attribution 4.0 International$$uhttps://creativecommons.org/licenses/by/4.0/legalcode$$fCC-BY-4.0
000003991 7001_ $$aPerez-Saiz, Hector$$7Personal$$uInternational Monetary Fund
000003991 7001_ $$aXiao, Hongyu$$7Personal$$uBank of Canada$$3https://ror.org/05cc98565$$5ROR
000003991 791__ $$aJournalArticle$$eIsSupplementTo$$iReproducibility package is associated with peer-reviewed article$$w10.1257/mic.20180044$$c2022$$dAmerican Economic Journal: Microeconomics (American Economic Association)$$tCultural Affinity, Regulation, and Market Structure: Evidence from the Canadian Retail Banking Industry$$2DOI$$j14$$k1$$q451$$o489
000003991 8301_ $$aReproducibility Package
000003991 8301_ $$aEnsemble de données pour la reproductibilité des résultats de recherche
000003991 909CO $$ooai:www.oar-rao.bank-banque-canada.ca:3991$$pbibliographic
000003991 937__ $$aPerez-Saiz, H. and H. Xiao$$b2022$$cCultural Affinity, Regulation, and Market Structure: Evidence from the Canadian Retail Banking Industry$$dAmerican Economic Journal: Microeconomics$$e14$$f1$$ghttps://doi.org/10.1257/mic.20180044
000003991 980__ $$aStaff Research
000003991 980__ $$aRDM
000003991 980__ $$aResearch Reproducibility Packages
000003991 991__ $$aPublic