One of the most cherished propositions in economics is that market competition by and large raises consumer welfare …. But whether political competition has similarly virtuous consequences is far less discussed. This paper formulates a model … to explain why political competition may enhance economic performance and uses the United States as a testing ground for …

One of the most cherished propositions in economics is that market competition by and large raises consumer welfare …. But whether political competition has similarly virtuous consequences is far less discussed. This paper formulates a model … to explain why political competition may enhance economic performance and uses the United States as a testing ground for …

two hypotheses. First, does hit-andrun competition secure efficiency in an industry? Second, do innovative startups lead … either mayflies or longdistance runners. -- Entry and exit ; growth ; hit-and-run competition ; innovation ; dynamic panel …

pressures from fierce foreign competition some adjustment appears to have taken place in the exposed sectors …

competition policy. The relationship between the intensity of competition in an economy and its long-run growth is an open … more competition leads to more innovation and accelerates productivity growth. To complement those findings and capture … do with intensity of domestic competition - beyond the effects of trade liberalization.Their results indicate a strong …

comparison with the United States. It has been argued that lack of product market competition and poor corporate governance are … product market competition experience higher rates of productivity growth. We also find weak evidence for the notion that in …