The paper shows that an increase in competition has two effects on managerial incentives: it increases the probability … where increased competition unambiguously reduces managerial slack. In general, however, this relation need not be monotonic … enter the market, but will eventually decrease when competition becomes too intense. …

. We investigate theoretically and empirically how bank organization shapes banking competition. Our theoretical model … organizational structure and technology of rival banks in the vicinity influence local banking competition. …

competition for matches may solve hold-up and coordination problems generated by the absence of complete contingent contracts. In … particular, this Paper shows that when matching is assortative and sellers’ investments precede market competition then … competition. These inefficiencies lead to sellers’ under-investments due to a hold-up problem but, when competition is at its peak …

We study the effects of reputation and competition in a stylized market for experience goods. If interaction is …, we find that competition, coupled with some minimal information, eliminates the trust problem almost completely. …

Many utility markets are now being opened to competition, and some regulators have expressed the hope that this will … level of its costs. This is likely to be the case in the UK's energy industries, but competition may be able to replace …

We examine a Bertrand competition game between two intermediaries offering matching services between two sides of a …

European Union countries have implemented widespread reforms to product markets in order to stimulate competition … (SMP) were associated with increased product market competition, as measured by a reduction in average profitability, and …