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Efficient access pricing and endogenous market structure
(Centro de Investigación y Docencia Económicas, División de Economía, 2006)
We analyse a (differentiated good) industry where an incumbent firm owns
a network good (essential input) and faces potential competition in the
(downstream) retail market. Unlike the traditional approach, we consider ...
A two-sided matching model of monitored finance
(Centro de Investigación y Docencia Económicas, División de Economía, 2006)
We analyse a model of two-sided matching and incentive contracts where expert investors (venture capitalists) with different monitoring capacities are matched with firms with different levels of initial wealth. Firms do ...
Deposit insurance, bank competition and risk taking
(Centro de Investigación y Docencia Económicas, División de Economía, 2006)
We analyse risk-taking behaviour of banks in the context of a model based
on spatial competition. Banks mobilise deposits by offering deposit rates.
We show that when the market concentration is low, banks invest in ...