December 27, 2012
Endogeneous Risk in Monopolistic Competition
Posted by D. Daniel Sokol
Vladislav Damjanovic (Department of Economics, University of Exeter) addresses Endogeneous Risk in Monopolistic Competition.
ABSTRACT: We consider a model of financial intermediation with a monopolistic competition market structure. A non-monotonic relationship between the risk measured as a probability of default and the degree of competition is established.
December 27, 2012 | Permalink
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