1. – University Of Delhi, New Delhi, India
2. – University Of Delhi, New Delhi, India
| Received
24-Nov-2013 |
Accepted
- |
Published
24-Nov-2013 |
Abstract
This paper lays out a fundamental approach that
revises our understanding of the theoretical framework
of competition. First, it critically examines classical
and neo-classical approaches to competition. Second,
through eight elements the new approach lays out our
new understanding of the framework of competition as
applied to banking. Role of basic conditions in S-C-P,
dynamic S-C-P, modified S-C-P as adapted to banking,
entry, concentration and competition, goals and
strategic groups in banking, importance of banking
theory, dynamics of banking markets; and the new
concept of entry facilitator; these are all the eight new
dimensions that adapt competition theory to banks.
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