stress that competition and regulatory authorities should take seriously the potential trade-off between market power effects …

competition model with entry in which exchanges supply technological services, and have market power. We find that technological … services can be strategic substitutes or complements in platform competition. Free entry of platforms delivers a superior …

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 … banks to further cultivate their extensive ties with customers. -- interbank competition ; market organizational structure …

', if fiscal consolidation is combined with a program for bank recovery and for competitiveness and growth. The second …

explain them. We then describe a theoretical framework of endogenous markups, innovation, and competition that can potentially …

We show that competing firms relax overall competition by lowering future barriers to entry. We illustrate our findings …-period profits. This dampens competition for serving the first-period market. …

failures. In this model, there is no trade-off between bank competition and financial stability. -- general equilibrium ; bank … 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 …

In this paper we analyse the bank merger between DnB and Gjensidige Bank in 2003, ranked by market share as number one … and number three in the Norwegian bank market. Focusing on loans to firms, our difference-in-differences analysis shows no … remedial measures imposed by the Norwegian Competition Authority on the two merging parties are also likely to explain some of …

banks. We find that more competition leads to more risk taking. We also examine the effects of bank competition on the …This paper studies empirically the relationship between competition and risk taking in banking markets. We exploit an … unique dataset providing information about all bank loans to Norwegian firms over several years. Rather than relying on …