through asset building. The theoretical and empirical results indicate that an increase in the initial level of competition … implies greater export incentive. However, over the life cycle of a firm, the role of competition is impacted by the intensity … of capital accumulation and the initial level of wealth. Greater local competition before the entry of firms in the …

frictions and on competition with lender-lender informational asymmetries. Overall, our findings support theoretical predictions …

We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete …