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Currency Denomination of Bank Loans : Evidence from Small Firms in Transition Countries

Brown, M.; Ongena, S.; Yesin, P. - Tilburg University, Center for Economic Research - 2008

We examine the firm-level and country-level determinants of the currency denomination of small business loans. We introduce an information asymmetry between banks and firms in a model that also features the trade-off between the cost of debt and firm-level distress costs. Banks in our model...

Persistent link: https://www.econbiz.de/10011092691

The welfare consequences of different regimes of oligopolistic competition in a growing economy with firm-specific knowledge

van de Klundert, Theo; Smulders, Sjak - Tilburg University, Center for Economic Research - 1993

Persistent link: https://www.econbiz.de/10011092787

The Sport League's Dilemma : Competitive Balance versus Incentives to Win

Palomino, F.A.; Rigotti, L. - Tilburg University, Center for Economic Research - 2000

We analyze a dynamic model of strategic interaction between a professional sport league that organizes a tournament, the teams competing to win it, and the broadcasters paying for the rights to televise it.Teams and broadcasters maximize expected profits, while the league's objective may be...

Persistent link: https://www.econbiz.de/10011092806

Revenue Sharing in Professional Sports Leagues : For the Sake of Competitive Balance or as a Result of Monopsony Power?

Palomino, F.A.; Sakovics, J. - Tilburg University, Center for Economic Research - 2000

We analyze the distribution of broadcasting revenues by sports leagues.In the context of an isolated league, we show that when the teams engage in competitive bidding to attract talent, the league's optimal choice is full revenue sharing (resulting in full competitive balance) even if the...

Persistent link: https://www.econbiz.de/10011092815

Borrower Poaching and Information Display in Credit Markets

Degryse, Hans; Bouckaert, J.M.C. - Tilburg University, Center for Economic Research - 2001

The Riegle-Neal Act in the US and the Economic and Monetary Union in Europe are recent initiatives to stimulate financial integration.These initiatives allow new entrants to "poach" the incumbents' clients by offering them attractive loan offers.We show that these deregulations may be...

Persistent link: https://www.econbiz.de/10011092891

Entry and Competition in Differentiated Products Markets

Schaumans, C.B.C.; Verboven, F.L. - Tilburg University, Center for Economic Research - 2011

We propose a methodology for estimating the competition effects from entry when firms sell differentiated products. We … presence and to measure the magnitude of competition effects. We then show how to augment the traditional entry model with a … unbiased estimates of the competition effects from entry. We apply our approach to seven different local service sectors. We …

Persistent link: https://www.econbiz.de/10011092904

Prescribing Behavior of General Practitioners : Competition Matters!

Schaumans, C.B.C. - Tilburg University, Center for Economic Research - 2014

exhibit different prescribing behavior (volume and value of prescriptions) when confronted with more competition. As there is … no monetary benefit in doing so, this type of (perceived) quality competition originates from GPs satisfying patients … the level of competition. The level of competition is measured by GP density, after controlling for the number of GPs and …

Persistent link: https://www.econbiz.de/10011144447