Endogenous risk in monopolistic competition

Vladislav Damjanovic

Economics Letters, 2013, vol. 120, issue 2, 220-223

Abstract: We consider a model of financial intermediation with a monopolistic competition market structure. A non-monotonic relationship between risk measured as a probability of default and the degree of competition is established.

Keywords: Monopolistic competition; Endogenous risk; Banking sector (search for similar items in EconPapers)
JEL-codes: D43 G21 G24 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (6)

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Working Paper: Endogeneous Risk in Monopolistic Competition (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:120:y:2013:i:2:p:220-223

DOI: 10.1016/j.econlet.2013.04.027

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