| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2894 |
| DP2894 Transport Cost Decline and Regional Inequalities: Evidence from France | |
| Pierre-Philippe Combes; Miren LAFOURCADE | |
| 发表日期 | 2001-09-20 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | The Riegle-Neal Act in the US and the Economic and Monetary Union in Europe are recent initiatives to stimulate financial integration. These initiatives allow new entrants to ?poach? the incumbents' clients by offering them attractive loan offers. We show that these deregulations may be insufficient since asymmetric information seriously hampers the integration of credit markets. This asymmetry stems from the informational advantage incumbent banks have about their current clients vis-a-vis potential entrants. Moreover, banks may strategically display some information, hindering entry when asymmetric information is moderate. We also show that voluntary information sharing emerges only when asymmetric information is low. |
| 主题 | Financial Economics ; Industrial Organization |
| 关键词 | Financial integration Banking competition Asymmetric information Barriers to entry |
| URL | https://cepr.org/publications/dp2894 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531993 |
| 推荐引用方式 GB/T 7714 | Pierre-Philippe Combes,Miren LAFOURCADE. DP2894 Transport Cost Decline and Regional Inequalities: Evidence from France. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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