facilitating price comparison, but clustering increases the intensity of local competition. I construct a simple model which shows … that firms may choose head-on competition by locating together. In special cases, this can be the unique equilibrium …

is to show that when sellers engage in quantity constrained price competition, the timing of consumer arrivals may …

It is often argued that branching stabilizes banking systems by facilitating diversification of bank portfolios … findings. Using data on national banks from the 1920s and 1930s, we show that branch banking increases competition and forces … strengthening the branch banks themselves. Our empirical results suggest that the effects that branching had on competition were …

We study the relationship between banking competition and the transmission of monetary policy through the bank lending … analysis, we are able to reaffirm the existence of the bank lending channel of monetary transmission. Moreover, we find that …