welfare losses is 1/ n2 . The results extend to demand schedule competition and a range of applications in product and …

uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition … the collusive level. Furthermore, competition in supply functions aggregates the dispersed information of firms (the … equilibrium is privately revealing) while Cournot competition does not. The implication is that with the former the only source of …

competition. This paper formalizes this empirical observation and characterizes its impact on leakage. Domestic firms invest in …

The relationship between competition and performance-related pay has been analyzed in single … competition when aggregated firm data is used. …

This paper sheds light on an empirical controversy about the effect of competition on price discrimination. We … shows that whether competition has a positive or negative effect on price dispersion depends on the level of demand …

We analyse the effect of competition on quality in hospital markets with regulated prices, considering both the effect … of (i) introducing competition (monopoly versus competition) and (ii) increasing competition through lower transportation … structure, we show that the relationship between competition and quality is generally ambiguous. In contrast to the received …

In this paper we show how an upstream firm can prevent destructive competition among downstream firms producing …