A Discussion of Joint Bank and Industry Concentration

• Autorzy: Gerasimos Soldatos
• Języki publikacji: EN

Abstrakty

EN

This article examines bank and industry concentration jointly within the static framework of Cournot competition. The general equilibrium is one in which banks form a multiplant monopoly and firm profit is zero. This is an unstable equilibrium because: (A) Firms have an incentive to (i) collude to "fight banks back" in the context of bilateral monopoly bargaining, and/or (ii) modernize their business towards financial independence; (B) Banks' best response is (i) innovation too, combined with (ii) disciplinary credit rationing.(original abstract)

Słowa kluczowe

PL

Koncentracja; Banki; Przemysł; Polityka przemysłowa

EN

Concentration; Banks; Industry; Industrial policy

• Czasopismo: Business and Economic Horizons
• Rocznik: 2018
• Numer: vol. 14, iss. 2
• Strony: 207-216

Twórcy

autor

Gerasimos Soldatos

• American University of Athens, Greece

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Identyfikatory

DOI

10.15208/beh.2018.16