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competition in the banking sector after the state interventions of the past years is a key step in this process. This book … introduces and explains a relatively new concept in competition measurement: the performance-conduct-structure (PCS) indicator … competition presenting a brief survey of the complex relationship between financial stability and competition. The theoretical …
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We address the question of how the internal organization of partnerships can be affected by moral hazard behavior of their division(s)/agent(s). We explore cases where two entregreneurs, each employing one agent subject ot moral hazard, decide how to conduct a research project together. The...
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