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This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a middleman mode by which an intermediary holds inventories...
Persistent link: https://www.econbiz.de/10011520869
This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a middleman mode where an intermediary holds inventories which...
Persistent link: https://www.econbiz.de/10011526728
Persistent link: https://www.econbiz.de/10010190985
Fees for banking services have been a policy concern for over 20 years and the subject of several government agencies …
Persistent link: https://www.econbiz.de/10011709329
banking, financial markets and regulation. …
Persistent link: https://www.econbiz.de/10011711451
growth. We further demonstrate that banking market structure can be responsible for the emergence of development traps in …
Persistent link: https://www.econbiz.de/10003864581
This paper studies ATM coalitions in retail banking. We ask when it is profitable for banks to make agreements which … in the banking market. We find that such agreements are profitable when the interchange fee is sufficiently high. When … typically higher with a coalition. -- Banking competition, ATM networks, collusion …
Persistent link: https://www.econbiz.de/10003894694
This paper examines the impact of bank consolidation on mortgage rates in order to evaluate the extent to which mortgage markets are competitive. Mortgage markets are decentralized and so rates are determined through a search and negotiation process. The primary effect of a merger therefore is...
Persistent link: https://www.econbiz.de/10009487798
The paper shows that a transition from a planned to a market economy implies an important change of the structure of …. The time till the economy in transition reaches an "old" market economy (asymptotically or totally) is estimated by … different methods. Finally other problems, mostly non-economic ones, which are connected with the transition process are …
Persistent link: https://www.econbiz.de/10011538853
transition from communist to market oriented economies. …
Persistent link: https://www.econbiz.de/10011413904