The literature wisdom shows that both theoretical and empirical studies provide contradictory predictions about the relationship between market concentration or competiveness and financial stability in the banking system. In the past two decades, the structure of banking industry of many...

Carefully measuring the success of permits trading in the electricity industry should account for not only the permits trading mechanism but also how the industry changes might impacts on the permits market. In our model, not only the abatement technology progress would influence the permits...