, a for-profit monopolist, and a competitive credit market. To understand the magnitude of the effects analyzed, we … severe implications for borrower welfare, while despite possible enforcement externalities competition typically delivers … similar borrower welfare to non-profit lending …

their privately observed soft information is positive or negative. Competition affects the investment in learning the … information was important in the lending decision were no more likely to default compared to firms where only financial …

amongst mortgage lenders and adds the idea of lender competition into this framework. Despite this addition, the results are …. When lenders are rational and face potential competition, they are able to use the bidding process as a means of generating …

Switching costs are a leading cause of customer lock-in in banking, reducing the extent of competition and increasing … time (a lock-in effect). Thus, the extent of potential competition in Brazilian banking could be severely limited by these …

This paper examines how the degree of interbank competition affects real economic growth, growth patterns, and consumer …

competition on this choice. We find that competing banks use collateral less often than a monopolistic bank because competition … will intensify if both banks collateralize. Moreover, bank competition is welfare improving if collateralization is rather …

illuminate competition and pricing frictions in the large, yet largely unstudied, small-dollar loan market. -- Payday credit … ; overdraft credit ; competition ; adverse selection …We find that competition from payday lenders leads depository institutions to raise overdraft fees and reduce the …

This paper investigates the relationship between bank competition and credit procyclicality for 17 OECD countries on … whether credit procyclicality is more important when the degree of bank competition is high. Our findings show that while … credit significantly responds to shocks to GDP, the degree of bank competition is not essential in assessing the …

-adjusted bank competition, due to weaker bank incentives for information production. In order to improve credit allocation across …Do policies that promote credit access have an impact on targeted borrowers? To address this question, we develop a … theoretical model of information production, regulation and bank competition and test its predictions using the Community …