Essays on competition in banking

A.A. van Boxtel

Research output: ThesisDoctoral Thesis

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Abstract

This thesis consists of three chapters of a theoretical nature, all related to the topic of competition in the financial sector. The first chapter studies how competition for talented workers induces banks to set variable wage schemes, and how these wage schemes can lead to excessive risk. The second chapter argues that non-exclusive investor-firm relations can lead to an excessive provision of liquidity. The third chapter studies an economy in which different investors all compete non-exclusively for investment in a long-term project subject to a stochastic liquidity demand. The result is that investment can only take place if an intermediary is present in this economy.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • Tilburg University
Supervisors/Advisors
  • Driessen, Joost, Promotor
  • Castiglionesi, Fabio, Co-promotor
Award date16 Mar 2015
Place of PublicationTilburg
Publisher
Print ISBNs9789056684327
Publication statusPublished - 2015

Fingerprint

Investors
Wages
Liquidity
Banking
Financial sector
Workers
Intermediaries

Cite this

van Boxtel, A. A. (2015). Essays on competition in banking. Tilburg: CentER, Center for Economic Research.
van Boxtel, A.A.. / Essays on competition in banking. Tilburg : CentER, Center for Economic Research, 2015. 113 p.
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abstract = "This thesis consists of three chapters of a theoretical nature, all related to the topic of competition in the financial sector. The first chapter studies how competition for talented workers induces banks to set variable wage schemes, and how these wage schemes can lead to excessive risk. The second chapter argues that non-exclusive investor-firm relations can lead to an excessive provision of liquidity. The third chapter studies an economy in which different investors all compete non-exclusively for investment in a long-term project subject to a stochastic liquidity demand. The result is that investment can only take place if an intermediary is present in this economy.",
author = "{van Boxtel}, A.A.",
year = "2015",
language = "English",
isbn = "9789056684327",
series = "CentER Dissertation Series",
publisher = "CentER, Center for Economic Research",
school = "Tilburg University",

}

van Boxtel, AA 2015, 'Essays on competition in banking', Doctor of Philosophy, Tilburg University, Tilburg.

Essays on competition in banking. / van Boxtel, A.A.

Tilburg : CentER, Center for Economic Research, 2015. 113 p.

Research output: ThesisDoctoral Thesis

TY - THES

T1 - Essays on competition in banking

AU - van Boxtel, A.A.

PY - 2015

Y1 - 2015

N2 - This thesis consists of three chapters of a theoretical nature, all related to the topic of competition in the financial sector. The first chapter studies how competition for talented workers induces banks to set variable wage schemes, and how these wage schemes can lead to excessive risk. The second chapter argues that non-exclusive investor-firm relations can lead to an excessive provision of liquidity. The third chapter studies an economy in which different investors all compete non-exclusively for investment in a long-term project subject to a stochastic liquidity demand. The result is that investment can only take place if an intermediary is present in this economy.

AB - This thesis consists of three chapters of a theoretical nature, all related to the topic of competition in the financial sector. The first chapter studies how competition for talented workers induces banks to set variable wage schemes, and how these wage schemes can lead to excessive risk. The second chapter argues that non-exclusive investor-firm relations can lead to an excessive provision of liquidity. The third chapter studies an economy in which different investors all compete non-exclusively for investment in a long-term project subject to a stochastic liquidity demand. The result is that investment can only take place if an intermediary is present in this economy.

M3 - Doctoral Thesis

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T3 - CentER Dissertation Series

PB - CentER, Center for Economic Research

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van Boxtel AA. Essays on competition in banking. Tilburg: CentER, Center for Economic Research, 2015. 113 p. (CentER Dissertation Series).