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You are looking at 1-14 of 14 items for:

Social Sciences x Financial Institutions and Services x Market Structure and Pricing x clear all

Adam Smith on markets, competition and violations of natural liberty

Heinz D. Kurz.

in Cambridge Journal of Economics

March 2016; p ublished online March 2015 .

Journal Article. Subjects: History of Economic Thought (to 1925); History of Economic Thought (1925 onwards); Information, Knowledge, and Uncertainy; Market Structure and Pricing; Economics; Financial Regulation. 12976 words.

According to Adam Smith, markets and trade are, in principle, good things—provided there is competition and a regulatory framework that prevents ruthless selfishness, greed and rapacity...

The adverse selection problem in imperfectly competitive financial markets

Ville Mälkönen and Timo Vesala.

in Oxford Economic Papers

October 2013; p ublished online November 2012 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Banking; Market Structure, Firm Strategy, and Market Performance; Market Structure and Pricing. 5695 words.

We show that two horizontally differentiated banks can implement separating equilibria in markets for bank loans by using non-linear price schedules. The optimal strategies of the banks...

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The Conditional Effects of Market Power on Bank Risk—Cross-Country Evidence

Jens Forssbæck and Choudhry Tanveer Shehzad.

in Review of Finance

August 2015; p ublished online October 2014 .

Journal Article. Subjects: Financial Regulation; Banking; International Finance; Market Structure and Pricing. 13603 words.

We investigate the relationship between market power and risk for a large panel of banks worldwide. Loan and deposit market power are measured separately at bank-year level, and the risk...

Consumer Bankruptcy, Bank Mergers, and Information

Jason Allen, H. Evren Damar and David Martinez-Miera.

in Review of Finance

July 2016; p ublished online August 2015 .

Journal Article. Subjects: Financial Institutions and Services; Market Structure and Pricing. 15455 words.

This article analyzes the relationship between consumer bankruptcy patterns and the destruction of soft information caused by mergers. Using a major Canadian bank merger as a source of...

COUNTER-INTUITIVE FAIRNESS IN ANTITRUST: PROTECTING THE MONOPOLIST AND BALANCING AMONG COMPETING CLAIMS

Adi Ayal.

in Journal of Competition Law & Economics

September 2012; p ublished online July 2012 .

Journal Article. Subjects: Antitrust Issues and Policies; Financial Regulation; Macroeconomics and Monetary Economics; Growth and Fluctuations; Market Structure and Pricing. 17226 words.

Antitrust originated in popular resistance to 17th century Royal Grants and 19th century economic power. This article contends that much of the guiding force of today's antitrust policy...

Distance and Private Information in Lending

Sumit Agarwal and Robert Hauswald.

in The Review of Financial Studies

July 2010; p ublished online April 2010 .

Journal Article. Subjects: Banking; Market Structure, Firm Strategy, and Market Performance; Market Structure and Pricing. 13892 words.

We study the effects of physical distance on the acquisition and use of private information in informationally opaque credit markets. Using a unique data set of all loan applications by...

Does Competition Affect Truth Telling? An Experiment with Rating Agencies

Jean Paul Rabanal and Olga A Rud.

in Review of Finance

July 2018; p ublished online March 2017 .

Journal Article. Subjects: Design of Experiments; Market Structure and Pricing; Information, Knowledge, and Uncertainy; Investment Banking; Market Structure, Firm Strategy, and Market Performance. 10068 words.

Abstract

We use an experimental approach to study the effect of market structure on the incidence of misreporting by credit rating agencies. In the game,...

Does Competition Reduce the Risk of Bank Failure?

David Martinez-Miera and Rafael Repullo.

in The Review of Financial Studies

October 2010; p ublished online August 2010 .

Journal Article. Subjects: Banking; Market Structure and Pricing; Money and Interest Rates. 11196 words.

A large theoretical literature shows that competition reduces banks' franchise values and induces them to take more risk. Recent research contradicts this result: When banks charge lower...

ECONOMIES OF SCALE AND MERGER EFFICIENCIES IN THE CHILEAN PENSION FUNDS MARKET

Claudio Agostini, Eduardo Saavedra and Manuel Willington.

in Journal of Competition Law & Economics

March 2014; p ublished online September 2013 .

Journal Article. Subjects: Antitrust Issues and Policies; Multiple or Simultaneous Equation Models; Multiple Variables; Financial Institutions and Services; Market Structure, Firm Strategy, and Market Performance; Market Structure and Pricing. 8041 words.

Over the last twenty years there has been a significant concentration process in the pension fund manager industry in Chile (the number of firms has dropped from 21 in 1994 to only 6 in...

The fat years: the structure and profitability of the US banking sector in the pre-crisis period

Fiona Tregenna.

in Cambridge Journal of Economics

July 2009; p ublished online July 2009 .

Journal Article. Subjects: Mergers and Acquisitions; Economic Development; Banking; Market Structure, Firm Strategy, and Market Performance; Market Structure and Pricing. 10012 words.

Bank profitability in the USA was extremely high in the pre-crisis period, yet this did not prevent the current crisis. It has become clear that these profits were on shaky grounds and also...

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Innovation, Competition, and Investment Timing

Yrjö Koskinen and Joril Maeland.

in The Review of Corporate Finance Studies

September 2016; p ublished online March 2016 .

Journal Article. Subjects: Market Structure and Pricing; Information, Knowledge, and Uncertainy; Investment Banking; Corporate Governance; Technological Change; Research and Development. 10504 words.

In our model multiple innovators compete against each other by submitting investment proposals to an investor. The investor chooses the least expensive proposal and the timing of the...

The market for bigness: economic power and competition agencies’ duty to curtail it

Adi Ayal.

in Journal of Antitrust Enforcement

October 2013; p ublished online August 2013 .

Journal Article. Subjects: General Economics; Welfare Economics; Antitrust Issues and Policies; Production and Organizations; Market Structure and Pricing; Regulation and Industrial Policy; Financial Regulation. 13430 words.

In its early days antitrust policy was motivated largely by public fears regarding economic power, the excess influence owners of large businesses might exert over political and commercial...

Obfuscation, Learning, and the Evolution of Investor Sophistication

Bruce Ian Carlin and Gustavo Manso.

in The Review of Financial Studies

March 2011; p ublished online September 2010 .

Journal Article. Subjects: Financial Institutions and Services; Market Structure and Pricing; Information, Knowledge, and Uncertainy. 14453 words.

Investor sophistication has lagged behind the growing complexity of retail financial markets. To explore this, we develop a dynamic model to study the interaction between obfuscation and...

The Sale of Multiple Assets with Private Information

Zhiguo He.

in The Review of Financial Studies

November 2009; p ublished online January 2009 .

Journal Article. Subjects: Market Structure and Pricing; Information, Knowledge, and Uncertainy; Financial Institutions and Services. 17753 words.

By generalizing the Leland and Pyle (1977) model to the case of multiple correlated assets, this paper studies the signaling and hedging behavior of an intermediary who sells multiple...