Competition in credit markets: a theoretic analysis
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis Book |
| Language: | English |
| Published: |
Wiesbaden
Dt. Univ.-Verl.
2001
Wiesbaden Gabler |
| Edition: | 1. Aufl. |
| Series: | Beiträge zur betriebswirtschaftlichen Forschung
94 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XII, 114 S. graph. Darst. |
| ISBN: | 382449048X |
Staff View
MARC
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Record in the Search Index
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| adam_text | Contents
Summary XI
List of Figures XIII
1 Introduction 1
1.1 Efficiency in financial markets 1
1.2 The scope of this study 3
1.3 Competition between banks 4
1.3.1 The industrial organization approach 4
1.3.2 The auction approach 5
2 Information acquisition in credit auctions 9
2.1 Introduction 9
2.2 The model 10
2.3 Asymmetric equilibrium with two bidders 11
2.3.1 Endogenous information acquisition 18
2.3.2 Welfare 19
2.3.3 Discussion 20
2.4 Symmetric equilibrium with n bidders 20
2.4.1 Simultaneous information acquisition 24
2.4.2 Welfare and Consumer Surplus 25
2.4.3 Discussion 27
2.5 Common and private values 29
2.5.1 The model 30
2.6 Conclusion 32
3 Open bid auctions 33
3.1 Introduction 33
3.2 The Model 34
3.2.1 The banks expected equilibrium profits 38
3.2.2 The firm s profit 41
3.2.3 Information acquisition 43
3.2.4 Expected profit as a function of private values 44
X CONTENTS
3.2.5 Several outsiders 44
3.3 Conclusion 48
4 Equity ownership of banks 51
4.1 Introduction 51
4.2 The Model 54
4.3 Conclusion 58
5 Usury and Credit Rationing 61
5.1 Introduction 61
5.2 Monitored finance 66
5.2.1 The model 66
5.2.2 Discussion 70
5.3 Credit Rationing and Reputation 71
5.3.1 The model 72
5.3.2 Discussion 76
5.4 Conclusion 77
A Proofs for Chapter 2 89
B Proofs for Chapter 3 95
C Proofs for Chapter 4 105
D Proofs for Chapter 5 111
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| discipline | Wirtschaftswissenschaften |
| edition | 1. Aufl. |
| format | Thesis Book |
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| illustrated | Illustrated |
| indexdate | 2024-07-09T18:53:47Z |
| institution | BVB |
| isbn | 382449048X |
| language | English |
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| publishDate | 2001 |
| publishDateSearch | 2001 |
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| series | Beiträge zur betriebswirtschaftlichen Forschung |
| series2 | Beiträge zur betriebswirtschaftlichen Forschung |
| spelling | Tröge, Michael Verfasser aut Competition in credit markets a theoretic analysis Michael Tröge 1. Aufl. Wiesbaden Dt. Univ.-Verl. 2001 Wiesbaden Gabler XII, 114 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Beiträge zur betriebswirtschaftlichen Forschung 94 Zugl.: Berlin, Humboldt-Univ., Diss., 1999 Spieltheorie (DE-588)4056243-8 gnd rswk-swf Bank (DE-588)4004436-1 gnd rswk-swf Kreditmarkt (DE-588)4073788-3 gnd rswk-swf Wettbewerbsstrategie (DE-588)4200234-5 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Kreditmarkt (DE-588)4073788-3 s Bank (DE-588)4004436-1 s Wettbewerbsstrategie (DE-588)4200234-5 s Spieltheorie (DE-588)4056243-8 s DE-604 Beiträge zur betriebswirtschaftlichen Forschung 94 (DE-604)BV000003857 94 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009499019&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Tröge, Michael Competition in credit markets a theoretic analysis Beiträge zur betriebswirtschaftlichen Forschung Spieltheorie (DE-588)4056243-8 gnd Bank (DE-588)4004436-1 gnd Kreditmarkt (DE-588)4073788-3 gnd Wettbewerbsstrategie (DE-588)4200234-5 gnd |
| subject_GND | (DE-588)4056243-8 (DE-588)4004436-1 (DE-588)4073788-3 (DE-588)4200234-5 (DE-588)4113937-9 |
| title | Competition in credit markets a theoretic analysis |
| title_auth | Competition in credit markets a theoretic analysis |
| title_exact_search | Competition in credit markets a theoretic analysis |
| title_full | Competition in credit markets a theoretic analysis Michael Tröge |
| title_fullStr | Competition in credit markets a theoretic analysis Michael Tröge |
| title_full_unstemmed | Competition in credit markets a theoretic analysis Michael Tröge |
| title_short | Competition in credit markets |
| title_sort | competition in credit markets a theoretic analysis |
| title_sub | a theoretic analysis |
| topic | Spieltheorie (DE-588)4056243-8 gnd Bank (DE-588)4004436-1 gnd Kreditmarkt (DE-588)4073788-3 gnd Wettbewerbsstrategie (DE-588)4200234-5 gnd |
| topic_facet | Spieltheorie Bank Kreditmarkt Wettbewerbsstrategie Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009499019&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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| work_keys_str_mv | AT trogemichael competitionincreditmarketsatheoreticanalysis |