Tsai, Jeng-Yan; Lin, Jyh-Horng; Cheng, Chu-Yun - In: Applied Economics 46 (2014) 34, pp. 4137-4150
A duopolistic loan market includes a strong bank without the problem of early closure that opts out of government bailouts and a weak bank with this problem that participates in the bailout programmes of distressed loan purchases and direct equity injections. A direct implication of our...