failures. In this model, there is no trade-off between bank competition and financial stability … mechanisms for bank risk-taking studied in a large partial equilibrium literature. We show that competitive equilibriums maximize … banks is higher than that of banks enjoying monopoly rents, and is robust to the introduction of social costs of bank …

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 … implications of the analysis for regulation and competition policy are derived. It is found that optimal regulation may depend on …

broker therefore strategically sells partial information on consumers in order to soften competition between firms. Extending …

prices and features of goods without incurring search costs. The platform alleviates sellers' competition by charging them …

competition between the TV channels, since they take into account the fact that a lower viewer price at one channel will harm …

credit market competition is intense. The latter emerges when banks exercise market power. Thus, competition is beneficial to …

local credit markets. We provide evidence that marginal increases in interbank competition are detrimental to relationship … technologies are al-ready widely in use in the market by a large group of small mutual banks, an increase in competition may drive …

factors they perceive as drivers and obstacles to financing SMEs. We also study to what degree competition and the … banks in both countries. In particular, banks have begun to target SMEs due to the significant competition in the corporate …

Switzerland. For identification, we compare changes in the behavior of banks that had different fractions of their central bank …