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market decisions in the face of the threat of entry, in a dynamic model.The main results of the paper are: there exists a … threat of entry; andthere are parameter values for which the bank makes more profits with the threat of entry thanwithout. …
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are better able to evaluate a project's risk than entrepreneurs. We study the bank's choice between screening and … collateralization in a model where banks do not have this superior screening skill. In particular, we study the effect of bank …
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are better able to evaluate a project's risk than entrepreneurs. We study the bank's choice between screening and … collateralization in a model where banks do not have this superior screening skill. In particular, we study the effect of bank …
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