interval of values of the spillover parameter such that the relationship between competition and growth is an inverted-U-shape. …

is high, a single sender never discloses. Competition restores full disclosure only if some of the senders are … symmetric equilibria approach full disclosure as competition increases. …

This paper shows that dominant firms may wish to encourage competition in vertically-related markets. It shows that …

number of agents because competition reduces the agents' informational monopoly power. However, this environment also … tendency to choose more 'generous' (and more efficient) contract menus over time. We find that competition leads to a … substantially higher probability of trade, and that, overall, competition between agents generates the most efficient outcomes. …