TY - JOUR
T1 - Product Differentiation And Consumption Efficiency In Mortgage Markets
AU - Ward, Damian
PY - 2009/9
Y1 - 2009/9
N2 - This study evaluates the outcome of non-price competition in the UK mortgage market. Developing a novel application of data envelopment analysis, DEA, within the banking literature, this study finds evidence of high consumption efficiency. Employing cluster analysis, the study provides additional evidence that efficient mortgages are available for borrowers across a broad range of market segments. The study also shows that these beneficial aspects of non-price competition are only available to borrowers who select mortgages based on rational measures of price. The discussion closes with guidance for policymakers.
AB - This study evaluates the outcome of non-price competition in the UK mortgage market. Developing a novel application of data envelopment analysis, DEA, within the banking literature, this study finds evidence of high consumption efficiency. Employing cluster analysis, the study provides additional evidence that efficient mortgages are available for borrowers across a broad range of market segments. The study also shows that these beneficial aspects of non-price competition are only available to borrowers who select mortgages based on rational measures of price. The discussion closes with guidance for policymakers.
U2 - 10.1016/j.jbusres.2008.03.001
DO - 10.1016/j.jbusres.2008.03.001
M3 - Article
SN - 0148-2963
SP - 805
EP - 809
JO - Journal of Business Research
JF - Journal of Business Research
ER -