TY - UNPB
T1 - Capital market imperfections, uncertainty and corporate investment in the Czech Republic
AU - Lensink, R.
AU - Sterken, Elmer
N1 - Relation: http://som.rug.nl/
date_submitted:2000
Rights: Graduate School/Research Institute, Systems, Organisations and Management (SOM)
PY - 1999
Y1 - 1999
N2 - The well-known Klein-Monti model of bank behavior considers a monopolistic
bank. We demonstrate that this model’s results on the comparative
static effects of a change in the exogenous interbank market interest rate do
not necessarily hold in oligopolistic Cournot or Stackelberg generalizations.
Introducing asymmetries in the cost functions of the banks, or in their way
of conduct, may imply counterintuitive effects on the individual banks’ volumes
of loans and deposits.
Keywords: Bank behavior, Cournot oligopoly, Stackelberg oligopoly
AB - The well-known Klein-Monti model of bank behavior considers a monopolistic
bank. We demonstrate that this model’s results on the comparative
static effects of a change in the exogenous interbank market interest rate do
not necessarily hold in oligopolistic Cournot or Stackelberg generalizations.
Introducing asymmetries in the cost functions of the banks, or in their way
of conduct, may imply counterintuitive effects on the individual banks’ volumes
of loans and deposits.
Keywords: Bank behavior, Cournot oligopoly, Stackelberg oligopoly
M3 - Working paper
BT - Capital market imperfections, uncertainty and corporate investment in the Czech Republic
PB - s.n.
ER -