-stage games, the modeling of competition under asymmetric information and mechanism design theory, and the theory of repeated and …-theoretic approach to develop a theory of oligopoly pricing. Vives begins by relating classic contributions to the field--including those … final chapters examine commitment issues, entry, information transmission, and collusion using a variety of tools: two …

The ways financial analysts, traders, and other specialists use information and learn from each other are of … aggregate information and examines the impacts of specific market arrangements--or microstructure--on the aggregation process … and economic efficiency. He looks closely at information aggregation mechanisms, progressing from simple to complex …

The ways financial analysts, traders, and other specialists use information and learn from each other are of … aggregate information and examines the impacts of specific market arrangements--or microstructure--on the aggregation process … and economic efficiency. He looks closely at information aggregation mechanisms, progressing from simple to complex …

be conditioned by the degree of market competition. We first identify conditions under which changes in marginal costs … competition setting. We then exploit changes in monetary policy to examine whether the pass-through of borrowing costs is affected …

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 …