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Bank Deregulation and Racial Inequality in America
Levine, Ross; Rubinstein, Yona; Levkov, Alexey - In: Critical Finance Review 3 (2014) 1, pp. 1-48
We use the cross-state, cross-time variation in bank deregulation across the U.S. states to assess how improvements in banking systems affected the labor market opportunities of black workers. Bank deregulation from the 1970s through the 1990s improved bank efficiency, lowered entry barriers...
Persistent link: https://www.econbiz.de/10010883419
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La caída de las cajas de ahorros españolas. Cuestión de rentabilidad, tamaño y estructura de propiedad*/The Fall of Spanish Savings Banks. Question of Profitability, Size and Owner...
CLIMENT SERRANO, SALVADOR - In: Estudios de Economía Aplicada 30 (2012) Agosto, pp. 759-759
¬parición de las Cajas de Ahorros mediante fusiones y posterior cambio de estructura de la propiedad convirtiéndose en bancos. Esta … a la crisis que les afectaba. Este trabajo analiza los bancos y cajas del sistema financiero español durante los cuatro … cuanto a rentabilidad por causas de tamaño y tipo de gobierno de la entidad (cajas de ahorros, bancos). Los resultados …
Persistent link: https://www.econbiz.de/10010578405
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BANKIA: ¿Para qué sirven los estados contables y los órganos de control?/BANKIA: Financial statements and Supervisory Bodies, are they Really Useful?
CLIMENT SERRANO, SALVADOR; MIRALLES, PAVÍA; MANUEL, JOSE - In: Estudios de Economía Aplicada 33 (2015) Enero, pp. 259-300
double of the own funds contributed by the 7 savings banks constituting Bankia, or the 13.5% of its total assets. Through …
Persistent link: https://www.econbiz.de/10011115606
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Dynamic Games of R&D Competition in a Differentiated Duopoly
Li, Changying; Zhang, Jianhu - In: Journal of Institutional and Theoretical Economics (JITE) 169 (2013) 4, pp. 660-679
Based on a Hotelling-type model, this paper analyzes a differential game where two firms engage in quality-enhancing research and development (R&D). The analysis is formulated in terms of open-loop and feedback solutions. We find that the open-loop stationary levels of R&D and quality are...
Persistent link: https://www.econbiz.de/10010903189
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Estimation of R&D depreciation rates: a suggested methodology and preliminary application
Huang, Ning; Diewert, Erwin - In: Canadian Journal of Economics 44 (2011) 2, pp. 387-412
The 2008 version of the SNA has recommended capitalization of R&D expenditures. To implement this recommendation, we need to determine the depreciation rate of R&D capital. In this paper, we develop a simple model, based on a production function method that allows for monopolistic competition,...
Persistent link: https://www.econbiz.de/10009201024
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R&D games in a Cournot duopoly with isoelastic demand functions: A comment
Luckraz, Shravan - In: Economic Modelling 28 (2011) 6, pp. 2873-2876
In a recent paper, Tramontana (Economic Modelling, 27; 350–357, 2010) investigates the stability properties of a …
Persistent link: https://www.econbiz.de/10010577136
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A dynamic duopoly investment game without commitment under uncertain market expansion
Boyer, Marcel; Lasserre, Pierre; Moreaux, Michel - In: International Journal of Industrial Organization 30 (2012) 6, pp. 663-681
We model capacity-building investments in a homogeneous product duopoly facing uncertain demand growth. Capacity building is achieved through the addition of production units that are durable and lumpy and whose cost is irreversible. While building their capacity over time, firms compete à la...
Persistent link: https://www.econbiz.de/10011051620
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Caveat preemptor: Coordination failure and success in a duopoly investment game
Villemeur, Etienne Billette de; Ruble, Richard; … - In: Economics Letters 118 (2013) 2, pp. 250-254
We build on Mason and Weeds’ (2010) model of duopoly investment under uncertainty by allowing high initial values of the profit shock as in Huisman and Kort (1999). Persistent first-mover advantage increases the likelihood of immediate simultaneous investment. In contrast with previous models...
Persistent link: https://www.econbiz.de/10011041593
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Dynamic Countervailing Power under Public and Private Monitoring
Bhaskar, Venkataraman - C.E.P.R. Discussion Papers - 2013
We examine buyer strategic power in the model of dynamic Bertrand-Edgeworth competition. Two sellers with a limited inventory sell to a single buyer, who has a consumption opportunity in each period. The market power of the sellers is offset by the strategic power of the buyer. By not consuming...
Persistent link: https://www.econbiz.de/10011083830
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Debt Contracts, Collapse and Regulation as Competition Phenomena
Gersbach, Hans; Uhlig, Harald - C.E.P.R. Discussion Papers - 1997
projects is unobservable by banks and entrepreneurs’ investment decisions are not contractible, but output conditional on … distribute themselves across all offered contracts. Competition between banks introduces three possibilities for a breakdown of … credit markets which do not occur when a bank has a monopoly. First, average returns decrease since banks compete for good …
Persistent link: https://www.econbiz.de/10005661861