• Banks as Multioutput Oligopolies: An Empirical Evaluation of the Retail and Corporate Banking Markets 

      Berg, Sigbjørn Atle; Kim, Moshe (Working Papers;10/1994, Working paper, 1994)
      The distinction between retail and corporate banking markets is of much importance in real life banking organizations. The two markets differ with respect to concentration, the importance of informational asymmetries, and ...
    • Endogenous Product Differentiation in Credit Markets: What Do Borrowers Pay For? 

      Kim, Moshe; Kristiansen, Eirik Gaard; Vale, Bent (Working Papers;8/2001, Working paper, 2001)
      This paper studies strategies pursued by banks in order to differentiate their services and soften competition. More specifically we analyse whether bank's ability to avoid losses, its capital ratio, or bank size can be ...
    • Life-Cycle Patterns of Interest Rate Markups in Small Firm Finance 

      Kim, Moshe; Kristiansen, Eirik Gaard; Vale, Bent (Working Papers;4/2007, Working paper, 2007)
      We derive empirical implications from a stylized theoretical model of bankborrower relationships. Banks’ interest rate markups are predicted to follow a life-cycle pattern over the borrowing firms’ age. Due to endogenous ...
    • What Determines Banks’ Market Power? Akerlof versus Herfindahl 

      Kim, Moshe; Kristiansen, Eirik Gaard; Vale, Bent (Working Papers;8/2005, Working paper, 2005)
      We introduce a model analyzing how asymmetric information problems in a bank-loan market may evolve over the age of a borrowing firm. The model predicts a life-cycle pattern for banks’ interest rate markup. Young firms pay ...