Thursday, 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.

https://lawprofessors.typepad.com/antitrustprof_blog/2012/12/endogeneous-risk-in-monopolistic-competition-.html

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