competition on firms' investment timing decisions. With a model featuring business-cycle variations in both the profit level and … the traditional single-regime real option models; ii) relative to monopoly, competition partially consumes the added or …

small amount of research on the role competition plays in influencing the overall importance of credit. This paper explores … the possibility that changes in credit market competition may result in a less pronounced effect of credit conditions on …

This paper explores how changes in credit market competition may result in a less pronounced effect of credit …

competition for managerial talent exacerbates malpractice and increases incentive pay. Malpractice dampens the efficient …

competition and a lower risk-free rate raise the screening costs of lending, which can result in pooling Nash equilibria with … empirical results on the relationship between bank competition and financial stability. The model can be used to define a …