variable that induces a smaller degree of competition. The reason is that demand uncertainty and the degree of substitutability …

-sharing, screening opportunities, and competition are important driving forces behind these new forms of work organization. We document … competition substantially fosters the trust strategy, reduces market segmentation, and leads to large welfare gains for both …

There is a general presumption that social preferences can be ignored if markets are competitive. Market experiments … (Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if … hold when uncertainty is important (financial markets) or when incomplete contracts are traded (labor markets). Social …