A discussion of joint bank and industry concentration

Business and Economic Horizons Pub Date : 2018-01-01 DOI:10.15208/BEH.2018.16

Gerasimos T. Soldatos

引用次数: 0

Abstract

This article examines bank and industry concentration jointly within the static framework of Cournot competition. The general equilibrium is one in which banks form a multiplant monopoly and firm profit is zero. This is an unstable equilibrium because: (A) Firms have an incentive to (i) collude to “fight banks back” in the context of bilateral monopoly bargaining, and/or (ii) modernize their business towards financial independence; (B) Banks’ best response is (i) innovation too, combined with (ii) disciplinary credit rationing.

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银行与行业联合集中的探讨

本文在古诺竞争的静态框架内对银行集中度和产业集中度进行了联合考察。一般均衡是指银行形成多厂垄断，企业利润为零。这是一个不稳定的均衡，因为:(A)公司有动机(i)在双边垄断谈判的背景下串通起来“反击银行”，和/或(ii)实现业务现代化，实现财务独立;(B)银行的最佳对策是(i)创新，结合(ii)纪律信贷配给。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Business and Economic Horizons ECONOMICS-

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