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The Impact of Regulatory Intervention in the UK Store Card Industry

Research output: Working paper

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The Impact of Regulatory Intervention in the UK Store Card Industry. / Elliott, C F; Wei, Y.
Lancaster University: The Department of Economics, 2009. (Economics Working Paper Series).

Research output: Working paper

Harvard

Elliott, CF & Wei, Y 2009 'The Impact of Regulatory Intervention in the UK Store Card Industry' Economics Working Paper Series, The Department of Economics, Lancaster University.

APA

Elliott, C. F., & Wei, Y. (2009). The Impact of Regulatory Intervention in the UK Store Card Industry. (Economics Working Paper Series). The Department of Economics.

Vancouver

Elliott CF, Wei Y. The Impact of Regulatory Intervention in the UK Store Card Industry. Lancaster University: The Department of Economics. 2009. (Economics Working Paper Series).

Author

Elliott, C F ; Wei, Y. / The Impact of Regulatory Intervention in the UK Store Card Industry. Lancaster University : The Department of Economics, 2009. (Economics Working Paper Series).

Bibtex

@techreport{21dbe3773b4c4a4bbe8c574d65959013,
title = "The Impact of Regulatory Intervention in the UK Store Card Industry",
abstract = "The paper examines the impact of regulatory intervention on store card interest rates, for a panel of UK store cards. The analysis is timely given the public attention that high store card interest rates have attracted in the UK, and the enquiries by the Office of Fair Trading and the Competition Commission into the industry. Panel data Tobit estimation methods are used in conjunction with intervention analysis so that the impact of the investigations on store card interest rates can be examined. Results suggest that there is a significant negative impact on store card interest rates of approximately 4%. The impact of macroeconomic factors and credit card interest rates on store card interest rates are also taken into account, results indicating that store cards and credit cards should be considered as competing sources of credit.",
keywords = "Store card industry, competition policy, panel data, Tobit estimation",
author = "Elliott, {C F} and Y Wei",
year = "2009",
language = "English",
series = "Economics Working Paper Series",
publisher = "The Department of Economics",
type = "WorkingPaper",
institution = "The Department of Economics",

}

RIS

TY - UNPB

T1 - The Impact of Regulatory Intervention in the UK Store Card Industry

AU - Elliott, C F

AU - Wei, Y

PY - 2009

Y1 - 2009

N2 - The paper examines the impact of regulatory intervention on store card interest rates, for a panel of UK store cards. The analysis is timely given the public attention that high store card interest rates have attracted in the UK, and the enquiries by the Office of Fair Trading and the Competition Commission into the industry. Panel data Tobit estimation methods are used in conjunction with intervention analysis so that the impact of the investigations on store card interest rates can be examined. Results suggest that there is a significant negative impact on store card interest rates of approximately 4%. The impact of macroeconomic factors and credit card interest rates on store card interest rates are also taken into account, results indicating that store cards and credit cards should be considered as competing sources of credit.

AB - The paper examines the impact of regulatory intervention on store card interest rates, for a panel of UK store cards. The analysis is timely given the public attention that high store card interest rates have attracted in the UK, and the enquiries by the Office of Fair Trading and the Competition Commission into the industry. Panel data Tobit estimation methods are used in conjunction with intervention analysis so that the impact of the investigations on store card interest rates can be examined. Results suggest that there is a significant negative impact on store card interest rates of approximately 4%. The impact of macroeconomic factors and credit card interest rates on store card interest rates are also taken into account, results indicating that store cards and credit cards should be considered as competing sources of credit.

KW - Store card industry

KW - competition policy

KW - panel data

KW - Tobit estimation

M3 - Working paper

T3 - Economics Working Paper Series

BT - The Impact of Regulatory Intervention in the UK Store Card Industry

PB - The Department of Economics

CY - Lancaster University

ER -