Technological Competition Among Poland’s Largest Banks

Competition among banks and the pass-through of monetary policy

This paper introduces monopolistically competitive banks into the New Keynesian DSGE setting. I find that this contributes to explaining three empirical facts: (i) The short-run transmission of changes in monetary policy to bank retail rates is far from complete and heterogeneous. Stiffer competition among commercial banks implies that (ii) retail interest rates correlate more tightly with mark...

Technological Competition, Uncertainty, and Oligopoly

In an oligopoly context the present technological choice of a firm which expects to receive private revelant information just prior to the uncertain market stage has both a flexibility value and a strategic commitmenr value. In contrast to some common wisdom ideas we provide a natural two-stage competition framework in which an increase in uncertainty always raises the commitment value of the t...

Technological Competition and Strategic Alliances*

Using a large unique patent-strategic alliance dataset over the period 1990 to 2004, we first show that firms faced with greater technological competition are more likely to form alliances. Technological competition is captured by a cosine similarity measure between a firm’s own patent output and the patent output of all other firms in the economy. We further show that alliances lead to more pa...

The technological option of Spanish savings banks before the Internet ,

Technical advances in retail banking have had profound repercussions for the competitiveness of individual firms and for the sector as a whole. This work sets out 2 objectives: first, it attempts to analyse the role of technology with respect to both organizational change and the products and services offered by the savings banks; and second, to investigate the reciprocal influence of technolog...

R&D, Knowledge Spillovers, and Competition among Firms with Asymmetric Technological Capabilities