Using a new data set of the telecommunications sector on privatization (1981-98 for 167 countries) and competition … liberalization in the telecommunications sector. Building on the framework of a generalized private interest theory, we derive … less democratic countries. We find reasonably strong evidence in favour of the generalized interest group theory. Countries …

This Paper examines the effect of price competition on innovation, market structure and profitability in R …&D-intensive industries. The theoretical predictions are tested using UK data on the evolution of competition, concentration, innovation …

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. …

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 …

product competition tends to increase the relative profitability of innovation for sale relative to entry. Increased … competition reduces entrants' and acquirers' profits in a similar fashion, but also reduces the profit of non-acquirers. Therefore …, incumbents' valuations of innovations are less negatively affected by increased competition than entrants' profits. This, in turn …

technology that does not require their specialized input. The theory predicts an inverted-U relation between guilds and market … predicted by our theory exists in a dataset of Italian guilds from the 14th to the 19th century. …

and other firms increases with competition. …