Marrouch, Walid; Turk-Ariss, Rima - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2012
We propose a generic oligopsony-oligopoly model to study bank behavior under uncertainty in developing countries. We derive a pricing structure that acknowledges market power in both the deposit and loan markets and identify two theoretical components to the loan rate: a rent extraction...
