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Persistent link: https://www.econbiz.de/10014322415
We present a methodology for analyzing the impact of algorithmic recommendations on product market competition, addressing concerns that have been raised in both academic and policy circles regarding their potential anti-competitive effects. Our analysis demonstrates that recommender systems...
Persistent link: https://www.econbiz.de/10014348241
This paper presents a model where bank credit depends upon borrowers' product market structure. We show that a larger number of competitors in the industry may increase credit availability by enhancing the resale value of the collateralized productive assets. We also study how this benefit of...
Persistent link: https://www.econbiz.de/10013090696
Persistent link: https://www.econbiz.de/10011793174
This paper presents a model where bank credit depends upon borrowers ' product market structure. We show that a larger number of competitors in the industry may increase credit availability by enhancing the resale value of the collateralized productive assets. We also study how this benefi t of...
Persistent link: https://www.econbiz.de/10013079076