enterprises for the period 1998 through 2007 to test for complementarity between competition and industrial policy. A main …, starting with China. Rather, the issue should be on how to design and govern sectoral policies in order to make them more … competition-friendly and therefore more growth-enhancing. …

to pay more for exclusivity, the higher the demand (the lower the cost), that is precisely when competition yields the …

Starting in 1998, the electricity market in England and Wales will be opened up to full competition, and all consumers … transactions costs exceeding £100 million a year for the first five years. Relative to a counterfactual without competition, there …

We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … show that competition improves the monitoring incentives of better quality banks and deteriorates the incentives of lower … quality banks; and that precisely for those lower quality banks competition typically compromises the effectiveness of capital …

; corporate governance; market structures and competition; and financial constraints. We conclude that private ownership and …

product market competition. This leads to more effective weeding out of the existing high-cost firms in the market. In this …