Skip to main content
Article thumbnail
Location of Repository


By Neelam Jain, Thomas D. Jeitschko, Leonard J. Mirman Tinbergen, Neelam Jain, Thomas D. Jeitschko and Leonard J. Mirman


In this paper, we analyze the interaction between an incumbent rm's nancial contract with a bank and its product market decisions in the face of the threat of entry, in a dynamic model. The main results of the paper are: there exists a separating equilibrium with no limit pricing � the low-cost incumbent repays more to the bank in the rst period, due to the threat of entry � and there are parameter values for which the bank makes more pro ts with the threat of entry than without

Topics: JEL Categories, D8, G3, L1. Keywords, Entry, Intermediation, Limit Pricing, Banking, information. (1
Year: 2000
OAI identifier: oai:CiteSeerX.psu:
Provided by: CiteSeerX
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • (external link)
  • (external link)
  • Suggested articles

    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.