), whereas this paper aims at clarifying when the most likely form of their interaction is cooperation and when competition. To … group they would rather collaborate with banks or choose the coopetition strategy. When analyzing internal factors, the … rationale for cooperation) or substitutable (which gives the rationale for competition) was proposed. This study is a critical …

specific cost parameters to measure competition with Lerner indices. Large, national universal banks and the smallest, most … specialized banks exhibit the lowest level of competition. In turn, medium sized universal banks are both efficient and exhibit …

I study competition among asymmetrically informed lenders in loan markets. In the past few years, a new competitor …, both types of lenders compete by using their own advantages. I find that as the results of the competition, both lenders … can earn positive profit by using their respective advantages. I show, among others, that comparing with the competition …