We estimate the macroeconomic benefits and international spillovers of an increase in competition using a general …-equilibrium simulation model with nominal rigidities and monopolistic competition in product and labor markets. We draw three conclusions … after calibrating the model to the euro area against the rest of the industrial world. First, greater competition produces …

industry is unusual because there exist two horizontally segmented retail markets with different degrees of competition: the … predicts that competition is the key driver of the rate at which technology is adopted. …

Empirical studies show that competition in the credit markets has important effects on the entry and growth of firms in … barriers to entry in the banking industry, a development that resulted in significantly improved credit competition. The … environment. Credit market competition does lead to more entry and growth of firms, but also to complex dynamics experienced by …