local network externalities, in contrast to global network externalities, don't necessarily sharpen competition. Then we …

potential to increase the intensity of competition as well as to act as a channel for technology transfers. One would expect …) enjoy higher levels of efficiency and have the potential to generate positive spillovers. At the same time, the entry of …

efficiency, taking into account the regulatory changes that have affected the European airline industry. We construct and …

We study the effect of entry on costs and competition in the Portuguese mobile telephony industry. We construct and … effort. We show that failure to account for cost reducing effort leads to biased estimates of competition in the industry. We … significant cost reductions, and fostered competition. …

Using a novel dataset that allows us to trace the primary bank relationships of a sample of mostly unlisted firms, we … explore which borrowers are able to benefit from foreign bank presence in emerging markets. Our results suggest that the … limits to financial integration are less tight than the static picture of bank-firm relationships implies. Even though …

foreign bank lending on firm growth and financing. Foreign lending stimulates growth in firm sales, assets, and leverage, but … the effect is dampened for small firms. We also find that the most connected businesses benefit least from foreign bank …

We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … competitive environment affect bank monitoring choices and the effectiveness of capital regulation? Our approach deviates from the … requirements can lead to more entry into banking, essentially by reducing the competitive strength of lower quality banks. We also …

efficiency, and (iii) high competition is less conductive to efficiency than moderate or low competition. In terms of ownership …Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in …, we find that (iv) efficiency increases when a majority owner must deal with minority shareholders and that (v) domestic …

all their candidates) only wage mechanisms that allow for ex post Bertrand competition generate the maximum matching on a …