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FINANCIAL PREDATION BY THE WEAK
Bougheas, Spiros; Saksit Thananittayaudom - University <Nottingham> / Department of Economics - 2005
We examine a Stackelberg game where a financially constrainedleader faces competition from a ‘deep pocket’ follower. We …
Persistent link: https://www.econbiz.de/10005868761
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IMPERFECTLY COMPETITIVE FINANCE, SENIORITY WAGES AND ECONOMIC GROWTH
Roberts, Mark A. - University <Nottingham> / Department of Economics - 2005
interest rates. A three-period OLG model is presented with monopolistic competition in the finance sector to endogenise the …
Persistent link: https://www.econbiz.de/10005868770
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BANKING COMPETITION AND CAPITAL ACCUMULATION: THE IMPORTANCE OF HOW PROFITS ARE RETURNED
Roberts, Mark A. - University <Nottingham> / Department of Economics - 2005
We consider the effects of an imperfectly competitive banking sector on the capital stock in a version of the two-period Diamond OLG model, focusing on how profits are returned. There are two broad alternatives: profits may be taxed and returned to households exogenously as fiscal transfers or...
Persistent link: https://www.econbiz.de/10005868774