Portuguese banking sector: a mixed oligopoly?

Article Abstract:

Regulatory intervention in the banking industry in Portugal is investigated. This is done by constructing a simple oligopoly model wherein one public bank competes on price with several other banks. The model assumes that private banks maximize profits and that the public bank will be instructed to do likewise. Analysis shows that there is clear evidence of regulatory intervention in the loans market. However, no indication of internal regulation is found in the deposits market.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Banking industry, Economic aspects, Banks (Finance), Portugal, Oligopolies

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Incentive schemes as strategic variables: an application to a mixed duopoly

Article Abstract:

The use of incentive contracts as strategic variables in duopolies with public and private firms are investigated in the context of the asymmetry of information between firm owners and managers. Results indicate an improvement in welfare when managers are given incentive schemes based on linear combinations of profits and sales revenues. Moreover, it is shown that the incentive contracts are enough to keep the governments from privatizing these companies.

Incentives (Business)

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Competition in a duopoly with sticky price and advertising

Article Abstract:

A model of duopolistic competition with sticky price and advertising is presented.

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