This paper addresses the desirability of competition in banking industry. In a model where banks compete on both … three questions: what are the effects of competition on banks' monitoring incentives? Does competition hurt banks' stability …? What can be devices to correct potential negative effects of competition vis à vis financial stability? We find that …

. Buyers compete by posting arbitrary menus of contracts. Competition is non-exclusive in that the seller can simultaneously …

This paper addresses the topic regarding the desirability of competition in banking industry. In a model where banks … investigate three questions: what are the effects of competition on banks' monitoring incentives? Does competition hurt banks …' stability? What can be devices to correct potential negative effects of competition vis à vis financial stability? We find that …

competition between certifiers, which lowers the certification fee, is not beneficial. This result complements Strausz (2005) who …

This paper studies how competition impacts innovative firms’ voluntary disclosure of product quality information. Our … find evidence for a competition-driven decline in product quality as driving these findings. These results suggest that …

. Competition for flow affects the manner in which activist funds govern as blockholders. In particular, funds inflate short … in economic downturns due to debt overhang. Our theory suggests a new channel via which asset manager incentives may …

bargain over the pay scheme to the latter. The bargaining outcome depends both on competition for agents and on the relative … rate depend on competition and bargaining power. We also analyze the nature of contracts when the agent is overconfident. …