Titlebook: Competition in Credit Markets; A theoretic analysis Michael Tr?ge Book 2001 Springer Fachmedien Wiesbaden 2001 Acquisition.Auktionstheorie.

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Introduction,ose to marginal costs. However, unlike in usual product markets, the allocation of capital is not only determined its its price. Banks choose her customers and play therefore an active role in allocating savings among alternative investmentuses. Welfare is only maximized if they direct. funds to the firms with the highest leturns.

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https://doi.org/10.1007/978-3-663-08310-8Acquisition; Auktionstheorie; Banken; Bankenregulierung; Beitr?ge zur betriebswirtschaftlichen Forschung

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Lilia Duskaeva,Ekaterina ShcheglovaIn this chapter, the incentives to acquire costly information in a sealed bid common value model of credit market competition will be analyzed. The existing work is generalized in two directions:

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