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Her Wettbewerb und seine Veränderung auf dem Markt der Universalbanken in Deutschland beim Übergang in die … 6 2.2.2. Harvard School, Industrial Organization, Workable Competition/funktionsfähiger Wettbewerb und … 5 2.2.1. V om dynamischen Wettbewerb der Klassik zum statischen Konzept der vollständigen Konkurrenz …
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This paper shows how price leadership bans imposed, as part of the European Commission's State aid control, on all main mortgage providers but the largest bank shifted the Dutch mortgage market from a competitive to a collusive price leadership equilibrium. In May 2009, mortgage rates in The...
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This paper studies bank competition with borrower adverse selection. In the model, expected non-performing loan costs … are high when credit is granted in booms, when risk free rates are low, or when competition is strong. I prove that full … competition is suboptimal due to this last effect; that more competition improves the transmission of monetary policy, and that …
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