Many studies have attempted to investigate the determinants and implications of competition in the banking industry …. The literature on the measurement of competition can be divided between the structural and non-structural approaches. The … structural approach infers the degree of competition from the structure of the market. The non-structural approach, based on the …

unemployment otherwise. These results suggest that the respective virtues of bank-based and market-based finance are crucially tied …

interval of values of the spillover parameter such that the relationship between competition and growth is an inverted-U-shape. …

is high, a single sender never discloses. Competition restores full disclosure only if some of the senders are … symmetric equilibria approach full disclosure as competition increases. …

This paper shows that dominant firms may wish to encourage competition in vertically-related markets. It shows that …

number of agents because competition reduces the agents' informational monopoly power. However, this environment also … tendency to choose more 'generous' (and more efficient) contract menus over time. We find that competition leads to a … substantially higher probability of trade, and that, overall, competition between agents generates the most efficient outcomes. …