@techreport{1cf58bbb25a94e6ea11f8007d8d96e81,
title = "Softening Competition by Enhancing entry: An Example from the Banking Industry",
abstract = "We show that competing firms relax overall competition by lowering future barriers to entry.We illustrate our findings in a two-period model with adverse selection where banks strategically commit to disclose borrower information.By doing this, they invite rivals to enter their market.Disclosure of borrower information increases an entrant's second-period profits.This dampens competition for serving the first-period market.",
keywords = "competition, banking, access to market, information",
author = "J.M.C. Bouckaert and H.A. Degryse",
note = "Pagination: 32",
year = "2002",
language = "English",
volume = "2002-86",
series = "CentER Discussion Paper",
publisher = "Finance",
type = "WorkingPaper",
institution = "Finance",
}