This paper presents two versions of a spatial competition model for the banking sector. The first version, describes a framework that follows closely Salop´s spatial competition model. This version is modified in the second part by introducing the loan market and default risk probabilities for…
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- Publicación |
This paper presents a multimarket spatial competition oligopoly model for the Colombian deposit market, in line with the New Empirical Industrial Organization (NEIO) approach. In this framework, banks use price and non-price strategies to compete in the market, which allows us to analyze the…
- Publicación |
This paper examines the relationship between mortgage default decisions and relevant observable variables under the light of a random utility model. The focus of the study is the Colombian mortgage market between 1997 and 2004 using two separate data sets that are matched using simulation…
