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In a relatively recent paper, Gehrig and Stenbacka (Eur Econ Rev 51, 77–99, 2007) show that information sharing increases banks’ profits to the detriment of creditworthy entrepreneurs in a model of a banking duopoly with switching costs and poaching. They restrict their analysis to the case...
Persistent link: https://www.econbiz.de/10010148159
This paper examines the dynamic process of quality adjustment in cases where the economy lacks a sufficient number of … markets for coordinating the level of attributes that configure the qualities of products. It shows that an adjustment process … also be subject to inefficiency as the effort of a small quality adjusting agent becomes attenuated. …
Persistent link: https://www.econbiz.de/10010186057