We study the effects of PPP loans on business competition. We start by introducing temporary cash subsidies into a … model of monopolistic competition with differentiated products and heterogeneous production costs. We test the predictions …-PPP competitors lost 70.5 cents in aggregate. Our results suggest that the PPP initiative distorted competition, imposing significant …

novel feature is the competition between lenders in their choice of contracts offered. Qualities of investment projects are … themselves across all offered contracts. Competition of banks introduces three possibilities for a breakdown of credit markets …

crucial novel feature is the competition between lenders in their choice of contracts offered. The quality of investment … distribute themselves across all offered contracts. Competition between banks introduces three possibilities for a breakdown of …

Although policymakers often discuss tradeoffs between bank competition and stability, past research provides differing … theoretical perspectives and empirical results on the impact of competition on risk. In this paper, we employ a new approach for … competition materially boosts individual and systemic bank risk. With respect to the mechanisms, we find that competition reduces …

extra delivery times which have relevant impact on both urban supply chains and the competition among traditional and UDC …

extra delivery times which have relevant impact on both urban supply chains and the competition among traditional and UDC …

This paper extends the traditional Hotelling's model of spatial competition by allowing firms to choose the degree of … price competition. In equilibrium, firms behave as 'specialist' by choosing high transportation cost coefficients. This …

the midpoint then minimum differentiation occurs without moderation of price competition, in contrast to mainstream …