We show that information sharing among banks may serve as a collusive device. An informational sharing agreement is an a-priori commitment to reduce informational asymmetry between banks in future lending. Hence, information sharing agreements tend to increase the intensity of competition in...

This paper shows that labor market institutions are important for the formation of new entreprises and market entry. The effects of different labor market institutions on wage determination, entrepreneurship and firm size are analysed both analytically and illustrated numerically. Models where...