aggregate but changes their content; ii) tends to raise income and wealth inequality; iii) has ambiguous effects on competition …

This paper extends Boone (2008) by introducing a competition measure at the individual firm level rather than for an … and measures competition vis-à-vis other market participants. We apply this extended Boone indicator to individual bank …-level competition in the loan market in the four largest euro area countries and Austria. The MRP distribution is skewed to the left and …

This paper develops a framework for investigating dynamic competition in markets where price is negotiated between an … capture key market features. We estimate the model and use it to investigate (i) the effects of dynamic competition on …

runs, and face a threat of entry. We show how shocks that increase bank competition or bank transparency increase deposit … rates, costly withdrawals, and thus bank fragility. Therefore, perfect competition is not socially optimal. We also propose …