Showing 1 - 10 of 149
We exploit detailed data on approved and rejected small business loans to assess the impact of the introduction of a credit registry in Bosnia and Herzegovina. Our findings are threefold. First, mandatory information sharing tightens lending at the extensive margin as more applications are...
Persistent link: https://www.econbiz.de/10011273894
Abstract: This paper documents large cross-country variation in the relationship between bank competition and bank stability and explores market, regulatory and institutional features that can explain this variation. We show that an increase in competition will have a larger impact on banks’...
Persistent link: https://www.econbiz.de/10011090475
We provide the first evidence on how the introduction of information sharing via a public credit registry affects banks’ lending decisions. We employ a unique dataset containing detailed information on credit card applications and decisions from one of the leading banks in China. While we do...
Persistent link: https://www.econbiz.de/10011090675
horizontal cooperation or through outsourcing distribution to a Logistics Service Provider.The synergy value is defined as the …
Persistent link: https://www.econbiz.de/10011096210
Persistent link: https://www.econbiz.de/10011091136
Outsourcing of non-core activities by firms is nowadays a common business strategy. This paper provides a theoretical … performed within the firm or can be mediated by the market. We will derive conditions under which outsourcing will occur, and … under which outsourcing will be socially desirable. These conditions do not necessarily coincide due to two externalities …
Persistent link: https://www.econbiz.de/10011092068
In this paper we study the endogenous formation of cooperation structures or communication graphs between players in a superadditive TU game. For each cooperation structure that is formed, the payoffs to the players are determined by an exogenously given solution. We model the process of...
Persistent link: https://www.econbiz.de/10011091161
Persistent link: https://www.econbiz.de/10011091368
Although a mixed strategy can never be evolutionarily stable in a truly asymmetric contest, examples show that mixed strategies can satisfy the weaker criterion on neutral stability. This paper shows that such examples are rare, and, generically, a mixed strategy is unstable. We apply the result...
Persistent link: https://www.econbiz.de/10011091518
This paper surveys some recent developments in (non-cooperative) game theory and provides an outlook on the near future of that theory. In particular, attention is focused on the limitations inherent in normative game theory and on attempts to construct a behavioral version of the theory that...
Persistent link: https://www.econbiz.de/10011092171