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Risky Investments with Limited Commitment
Cooley, Thomas F. - 2013
Over the last three decades there has been a dramatic increase in the size of the financial sector and in the compensation of financial executives. This increase has been associated with greater risk-taking and the use of more complex financial instruments. Parallel to this trend, the...
Persistent link: https://www.econbiz.de/10013073564
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Liquidity Rules and Credit Booms
Hachem, Kinda - 2016
We show that stricter bank liquidity standards can trigger unintended credit booms when there is heterogeneity in …
Persistent link: https://www.econbiz.de/10013001209
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Does Competition Affect Bank Risk?
Jiang, Liangliang - 2017
Although policymakers often discuss tradeoffs between bank competition and stability, past research provides differing … competition materially boosts bank risk. With respect to the mechanisms, we find that competition reduces bank profits, charter …
Persistent link: https://www.econbiz.de/10012964890
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Are Health Insurance Markets Competitive?
Dafny, Leemore S. - 2009
Although the vast majority of Americans have private health insurance, researchers focus almost exclusively on public provision. Data on the private insurance sector is extremely difficult to obtain because health insurance contracts are complex, renegotiated annually, and not subject to...
Persistent link: https://www.econbiz.de/10012765582
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Market Power and Price Discrimination in the U.S. Market for Higher Education
Epple, Dennis - 2017
The main purpose of this paper is to estimate an equilibrium model of private and public school competition that can generate realistic pricing patterns for private universities in the U.S. We show that the parameters of the model are identified and can be estimated using a semi-parametric...
Persistent link: https://www.econbiz.de/10012957373
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Trade Policy and Market Power : the Case of the Us Steel Industry
Blonigen, Bruce A. - 2008
A primary function of trade policy is to restrict imports to benefit the targeted domestic sector. However, a well-established theoretical literature highlights that the form of trade policy (e.g., quotas versus tariffs) can have a significant impact on how much trade policy affects firms'...
Persistent link: https://www.econbiz.de/10012773177
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Some Economic Aspects of Antitrust Analysis in Dynamically Competitive Industries
Schmalensee, Richard; Evans, David S. - 2021
Competition in many important industries centers on investment in intellectual property. Firms engage in dynamic, Schumpeterian competition for the market, through sequential winner-take-all races to produce drastic innovations, rather than through static price/output competition in the market....
Persistent link: https://www.econbiz.de/10013248676
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Branch Banking as a Device for Discipline : Competition and Bank Survivorship During the Great Depression
Carlson, Mark A. - 2007
banking systems. Using a new database of individual bank balance sheets, income statements, and branch establishment, we … examine the characteristics that made a bank a more likely target of a takeover by a large branching network, how incumbent … increase efficiency and profitability. Results from survivorship analysis suggest that unit banks competing with branch bank …
Persistent link: https://www.econbiz.de/10012777583
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A New Metric for Banking Integration in Europe
Gropp, Reint - 2010
taking place for retail banking. Data on cross-border retail bank flows, cross-border bank mergers and the law of one price … reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in … that they are not based on an equilibrium concept and are neither necessary nor sufficient statistics for bank integration …
Persistent link: https://www.econbiz.de/10012757853
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Innovation, Competition and Welfare-Enhancing Monopoly
Darby, Michael R. - 2011
The basic competitive model with freely available technology is suited for static industries but misleading as applied to major innovative economies for which development of new technologies equals in magnitude around 10% of gross domestic investment. We distinguish free generic technology from...
Persistent link: https://www.econbiz.de/10012757081