Does Competition Encourage Credit Provision? Evidence from African Trade Credit Relationships
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https://www.nber.org/papers/w9659
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Previous work has claimed that monopoly power facilitates the provision of credit, since monopolists are better able to enforce payment. Here, we argue that if relationship-specific investments are required by borrowers to establish creditworthiness, monopoly power may reduce credit provision
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美国国家经济研究局创建时间：
2003-04-01
