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This paper provides evidence that commercial lenders in Peru free ride off their peers' screening efforts. Leveraging a discontinuity in the loan approval process of a large bank, the study finds that competing lenders responded to additional loan approvals by issuing approvals of their own....
Persistent link: https://www.econbiz.de/10012167970
. However, there has been little evidence on what drives market power and the impact of the degree of competition in South …-level determinants of the estimated markups and assesses the link between competition and firm-level outcomes, including productivity … South Africa, even after controlling for efficiency. Moreover, lower product market competition has a significant, negative …
Persistent link: https://www.econbiz.de/10012168084