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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 …
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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. …
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Remarks at the 2013 OTC Derivatives Conference, Paris, France.
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Remarks at the Foreign Policy Association Corporate Dinner, New York City
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Remarks before the Puerto Rico Chamber of Commerce Annual Convention, Fajardo, Puerto Rico.
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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 …
Persistent link: https://www.econbiz.de/10004994127
We study competitive, but strategic, brokers executing trades for an informed trader in multi-period setting. The brokers can choose to (a) execute the order, as agents, first, and trade for themselves as dealers, afterwards; or (b) trade for themselves first and execute the order later. We show...
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