economics. This paper explores voting on a scheme of intergroup competition which facilitates cooperation in a social dilemma … situation. Experimental results show that the competitive scheme fosters cooperation. Competition is popular but the electoral … outcome depends strongly on specific voting rules of institutional choice. If the majority decides, competition is almost …

foreign and domestic competition, the consequences of soft budgets, and the role of managerial incentives and managerial human …

concentrated on one or a small number of firms in the sector. Using a theoretical framework in which two firms may choose either to … 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. …

Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to …. Our model allows firms to shroud, unshroud, or partially unshroud add-on prices. Results show that consumer education may … pricing strategy of firms. Educating consumers may do more harm than good and should thus only be considered if the regulator …

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 …

-level distress costs, and also incorporates the impact of information asymmetry between banks and firms. When foreign currency funds … corresponding credit risk. We then test the implications of our model by using a 2005 survey with responses from 9,098 firms in 26 … transition countries. The survey contains details on 3,105 recent bank loans. At the firm level, our findings suggest that 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 …

In recent decades, many firms offered more discretion to their employees, often increasing the productivity of effort …-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 …

Using a general two-stage framework, this paper gives sufficient conditions for increasing competition to have negative … relatively narrow definitions of increasing competition. The paper also shows that competition is more likely to increase the … investments of leaders than those of laggards. When R&D-spillovers are strong, competition is less likely to increase investments …