discrimination ensures efficient output decisions given product characteristics, coordination failures may prevent efficiency in the …

This study reports experimental market power and efficiency outcomes for a computational wholesale electricity market … microstructure is strongly predictive for the relative market power of buyers and sellers, and that high market efficiency is … social mimicry learning via a genetic algorithm. However, market efficiency is substantially reduced. …

efficiency and some firms outperforming this norm. A regression of total revenue on capital, labour, company dummies and time …-firm efficiency differences was 3.6% for the period 1989 to 1996. The same regression also provides evidence that in the Thai …

market shares and higher efficiency rankings for small, private, domestically owned banks are associated with better economic … found for hypothesized transmission mechanisms through improved financing for SMEs or greater overall bank credit flows. The …

The aim of this paper is to analyze the determinants of multiple-bank lending - one of the main features of the bank …-firm relationships in Italy. The analysis suggests that multiple bank lending is significantly and importantly linked with firms … characterised by a greater level of multiple-bank lending. In this respect multiple-bank lending may be the consequence of a risk …

their design and performance. Asset management companies can trigger moral hazard- inspired bank lending. Empirical … examination of the Thai experience reveals that the moral hazard-inspired bank lending resulted in creating more new NPLs in the …