We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … competitive environment affect bank monitoring choices and the effectiveness of capital regulation? Our approach deviates from the … show that competition improves the monitoring incentives of better quality banks and deteriorates the incentives of lower …

competition on this choice. We find that competing banks use collateral less often than a monopolistic bank because competition … will intensify if both banks collateralize. Moreover, bank competition is welfare improving if collateralization is rather … are better able to evaluate a project's risk than entrepreneurs. We study the bank's choice between screening and …

loss that arises from more intense market competition: the low-cost firms' profits may indeed increase with the number of …

This paper analyzes how competition works in mobile telecommuncations markets and, bases on this analysis, we discuss … understanding competition in mobile telephony, is the fact that building a mobile telephone network requires highly specific … interconnection and fixed-to-mobile termination may give rise to competition problems. As we argue in this paper, closer analysis …

shields the private commercial bank from aggressive competition by these banks. … such cooperative practices. There are two adjacent markets with one savings or cooperative bank being focused on each one … and one private commercial bank serving both. We find that abolishing regional demarcation indeed increases total loan …

shields the private commercial bank from aggressive competition by these banks. … such cooperative practices. There are two adjacent markets with one savings or cooperative bank being focused on each one … and one private commercial bank serving both. We find that abolishing regional demarcation indeed increases total loan …

Collateral is a widely used, but not well understood, debt-contracting feature. Two broad strands of theoretical … literature explain collateral as arising from the existence of either ex ante private information or ex post incentive problems … ex post theories of collateral are empirically dominant although the ex ante theories are also valid for customers with …