the elasticity of innovation, as measured by the number of new chemical entities appearing on the market for a given … additional new chemical entity. An elasticity substantially and significantly below one-half is also a plausible implication of …

enterprises for the period 1998 through 2007 to test for complementarity between competition and industrial policy. A main … competition-friendly and therefore more growth-enhancing. …

critical size, and competition to reach a critical level of intensity. By allowing an economy to produce a greater variety of … goods, a larger market makes goods more substitutable, raising the price elasticity of demand, and lowering mark-ups. Firms …

In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where … geographic proximity is a key determinant of competition, and English public hospitals where political competition can be used to … survival rates from emergency heart attack admissions (AMI). More importantly, we find that higher competition (as indicated by …

-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 …

How many cartels are there? The answer is important in assessing the efficiency of competition policy. We present a … industry or not. Our model identifies key policy parameters from data generated under different competition policy regimes and …