Publication detailsDamjanovic, V. (2013). Endogenous Risk in Monopolistic Competition. Economics Letters 120(2): 220-223.
- Publication type: Journal Article
- ISSN/ISBN: 0165-1765
- DOI: 10.1016/j.econlet.2013.04.027
- Further publication details on publisher web site
Author(s) from Durham
We consider a model of financial intermediation with a monopolistic competition market structure. A non-monotonic relationship between risk measured as a probability of default and the degree of competition is established.