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

This Paper examines competition between a dominant network and a challenging network with third-degree or perfect price … competition and reduces average equilibrium prices. Because bandwagon effects are due to the incompatibility of networks, under … incentives to unilaterally degrade the quality for some targeted group of consumers in order to weaken competition. …

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 …

forms of organizing the local market, increased competition from the global market will crowd out variety in the local one …. The effect of increased global competition on prices is much less clear. While it yields a price reduction under monopoly … competition and industrial policies. …

consumers. In such markets, we show that firms will engage in advertising competition in order to convince consumers of their …

of embedded Linux, I develop a duopoly model of quality competition. Firms require two complementary technologies as …