Abstract

This research analyzes payday loan providers’ entry methods into the state of Oregon so that you can try to find alterations in the type associated with industry as well as its relationship to old-fashioned banking institutions. The outcome of fixed-effects logit regressions claim that payday loan providers have begun to enter areas currently being offered by banking institutions. Also, the current presence of “incumbent advantage” in entry choices could also have implications in regards to the amount of competition in the market. Finally, since payday loan providers also enter areas with big Hispanic populations, it’s still feasible that payday advances represent the single way to obtain credit for several sections associated with the populace.

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