Marjit, Sugata; Mukherjee, Arijit; Yang, Lei - Leverhulme Centre for Research on Globalisation and … - 2015
We study the implication of credit constraints for the sustainability of product market collusion in a bank financed … there is no credit rationing moderately higher cost of external finance may affect the degree of collusion, but a … collusion, but may aggravate the finance constraint and eventually lead to collusion. We also discuss the case with credit …