The market for project finance loans has a special feature: banks do not only compete individually but also through coalitions or “syndicates”. Traditional concentration indicators summarise industry structure based on individual market shares but they fail to capture the dynamics of...

Supermarkets play a limited but increasingly important role in Latin-America groceries retail markets. Traditional grocery retailers still play a substantial role in most Latin American countries and the penetration of supermarkets is still behind the developed countries. Paradoxically, within...