empirical results on the relationship between bank competition and financial stability. The model can be used to define a …A model of imperfectly competitive banks is examined under asymmetric information about borrower quality. Greater bank … competition and a lower risk-free rate raise the screening costs of lending, which can result in pooling Nash equilibria with …

We show that stricter bank liquidity standards can trigger unintended credit booms when there is heterogeneity in …

We study the equilibrium effects of the "S" dimension of ESG under imperfect competition in labor or product markets … adopting firms and many stakeholders. Under shareholder primacy, competition in ESG policies generally reduces shareholder … value, while coordination on policies raises new anti-trust concerns. Under stakeholder capitalism, competition in ESG …