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Banks, systematic risk, and industrial concentration: theory and evidence

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  • Kildegaard, Arne
  • Williams, Pete

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  • Kildegaard, Arne & Williams, Pete, 2002. "Banks, systematic risk, and industrial concentration: theory and evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 47(4), pages 345-358, April.
    • Handle: RePEc:eee:jeborg:v:47:y:2002:i:4:p:345-358
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    1. Grossman, Sanford J & Hart, Oliver D, 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 691-719, August.
    2. Klein, Benjamin, 1996. "Why Hold-Ups Occur: The Self-Enforcing Range of Contractual Relationships," Economic Inquiry, Western Economic Association International, vol. 34(3), pages 444-463, July.
    3. Jeffrey D. Sachs & Aaron Tornell & Andrés Velasco, 1996. "Financial Crises in Emerging Markets: The Lessons from 1995," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 27(1), pages 147-216.
    4. Tucker, Irvin B & Wilder, Ronald P, 1977. "Trends in Vertical Integration in the U.S. Manufacturing Sector," Journal of Industrial Economics, Wiley Blackwell, vol. 26(1), pages 81-94, September.
    5. Livesay, Harold C. & Porter, Patrick G., 1969. "Vertical Integration in American Manufacturing, 1899 – 1948," The Journal of Economic History, Cambridge University Press, vol. 29(3), pages 494-500, September.
    6. Nichols, Donald A, 1974. "Some Principles of Inflationary Finance," Journal of Political Economy, University of Chicago Press, vol. 82(2), pages 423-430, Part I, M.
    7. Klein, Benjamin & Crawford, Robert G & Alchian, Armen A, 1978. "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process," Journal of Law and Economics, University of Chicago Press, vol. 21(2), pages 297-326, October.
    8. Lal, Deepak & Rajapatirana, Sarath, 1987. "Foreign Trade Regimes and Economic Growth in Developing Countries," The World Bank Research Observer, World Bank, vol. 2(2), pages 189-217, July.
    9. M. A. Adelman, 1955. "Concept and Statistical Measurement of Vertical Integration," NBER Chapters, in: Business Concentration and Price Policy, pages 281-330, National Bureau of Economic Research, Inc.
    10. George J. Stigler, 1951. "The Division of Labor is Limited by the Extent of the Market," Journal of Political Economy, University of Chicago Press, vol. 59(3), pages 185-185.
    11. Klein, Benjamin & Murphy, Kevin M, 1997. "Vertical Integration as a Self-Enforcing Contractual Arrangement," American Economic Review, American Economic Association, vol. 87(2), pages 415-420, May.
    12. George J. Stigler, Chairman, Universities-National Bureau Committee for Economic Research, 1955. "Business Concentration and Price Policy," NBER Books, National Bureau of Economic Research, Inc, number univ55-1.
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    Cited by:

    1. Alexandr Knobel, 2010. "Factors of important Tariff Information," Research Paper Series, Gaidar Institute for Economic Policy, issue 143P.
    2. Knobel, A., 2009. "Vertical Integration and Economic Growth: An Empirical Study," Journal of the New Economic Association, New Economic Association, issue 3-4, pages 54-70.
    3. Kildegaard, Arne, 2001. "Fiscal reform, bank solvency, and the law of unintended consequences: a CGE analysis of Mexico," The North American Journal of Economics and Finance, Elsevier, vol. 12(1), pages 55-77, March.
    4. Kildegaard, Arne, 2007. "Relative price changes and absolute banking disasters: The role of equilibrium asset price adjustments," Economic Modelling, Elsevier, vol. 24(2), pages 295-311, March.

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