Recent theoretical models of network competition with call externalities demonstrate strategic incentives of incumbent providers to reduce receiver benefits in rival network by excessive off-net pricing. Such anti-competitive pricing practices have a potentially damaging impact on financial...

Recent theoretical models of network competition with call externalities demonstrate strategic incentives of incumbent providers to reduce receiver benefits in rival network by excessive off-net pricing. Such anti-competitive pricing practices have a potentially damaging impact on financial...

Este trabajo presenta un modelo de frontera estocástica con parámetros aleatorios en el componente de ineficiencia aplicado al sector bancario. Este modelo permite capturar la influencia de las exposiciones de riesgo sobre la eficiencia bancaria y distingue estos efectos entre bancos con...