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Peitz, Martin - 2015

We study optimal experimentation by a monopolistic platform in a two-sided market. The platform provider is uncertain about the strength of the externality each side is exerting on the other. Setting participation fees on both sides, it gradually learns about these externalities by observing...

Persistent link: https://www.econbiz.de/10013022496

Market Power and Welfare in Asymmetric Divisible Good Auctions

Manzano, Carolina - 2020

We analyze a divisible good uniform-price auction that features two groups each with a finite number of identical bidders and present conditions under which a unique privately revealing equilibrium exists. We derive novel comparative static results highlighting that increases in transaction...

Persistent link: https://www.econbiz.de/10012854716

Competition and Stability in Banking

Vives, Xavier - 2013

implications of the analysis for regulation and competition policy are derived. It is found that optimal regulation may depend on … competition and stability in banking. There are two basic channels through which competition may increase instability: by … incentives to take risk and raise failure probabilities. The competition-stability trade-off is characterized and the …

Persistent link: https://www.econbiz.de/10013094726

Strategic Complementarity, Fragility, and Regulation

Vives, Xavier - 2013

The paper analyzes a very stylized model of crises and demonstrates how the degree of strategic complementarity in the actions of investors is a critical determinant of fragility. It is shown how the balance sheet composition of a financial intermediary, parameters of the information structure...

Persistent link: https://www.econbiz.de/10013092690

Competition and Stability in Banking

Vives, Xavier - CESifo - 2010

Persistent link: https://www.econbiz.de/10008572523