mortgage providers but the largest bank shifted the Dutch mortgage market from a competitive to a collusive price leadership …

credit managers in bank credit activities, through three possible situations of supervision. The results indicate that … only depending on the costly external supervisor. Finally, the implications of findings are discussed. -- bank credit …

rate decision from a bank is followed by the government guarantee institutions. Secondly, by doing the mechanism test, we …

While there is no apparent reason for loan spreads to cluster at certain numbers, we find that around 70% of bank loans … using the round-yards as focal pricing points when negotiating with their borrowers. The tacit collusion leads to higher … spreads and total costs of the round-yard-priced loans than non-round-yard-priced loans. Consistent with our tacit collusion …

problem is to certify the private signal and make it public. When collusion between the certifier and the agent is an issue … if this certification raises the specter of collusion. …

environments while removing sabotaging incentives at no cost once collusion is deterred. As a result, the cooperative structure can …

, when rescaling is feasible, private monitoring is more efficient than public monitoring subject to collusion because … nonmonetary penalties are ineffective to deter collusion …

trade-off between inefficient supervision and supervisor-agent collusion, showing that under certain conditions tolerating … collusion to take place helps to “correct” wrong supervisory signals and thus benefits the principal. Furthermore, the … characterization of the collusive-supervision contract shows that collusion should be allowed with one agent only …

The paper shows that collusion between the CEO of a firm and outside expert generates a conflict between ex …

to induce unproductive collusion as well as a positive effect to establish a productive working practice. An optimal …