A discussion of joint bank and industry concentration

• Autorzy: Soldatos Gerasimos
• 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.

Słowa kluczowe

EN

Bank and industry concentration; innovation; industrial policy

• Wydawca: Prague Development Center, Czech Republic
• Czasopismo: Business and Economic Horizons
• Rocznik: 2018
• Tom: Volume 14
• Numer: Issue 2
• Strony: 207-216

Daty

wydano

2018-02-22

Twórcy

autor

Soldatos Gerasimos

• American University of Athens, Athens, Greece

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