Browsing by Keywords "Competition (economics)"
Now showing items 1-2 of 2
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Bertrand-edgeworth equilibrium in a cash-in-advance economy
(Oxford University Press, 2003)This paper is about price and wage competition in a dynamic general equilibrium model. We consider an equity financed economy where firms need money to finance their input costs. Part of the output is sold for money to be ... -
Intermediation spread, bank supervision, and financial stability
(World Scientific Publishing, 2010)This paper models the effect of bank competition and deposit insurance premiums on the spread between lending and deposit rates. In developing economies, low spreads do not always indicate bank efficiency; they may be the ...