suggests that network competition between information intermediaries has a distinctive market structure, where intermediaries … Nash equilibrium. Finally, competition is affected by the technology of network development. The analysis shows that either …

This paper centres around the question of ownership of firms and managerial competition and how these affect managers … affected by both ownership and competition since both ownership structure and competition provide bargaining chips to employees … fierce market competition and no lock-in the allocation of ownership does not play a role (as one might expect), provided …

stylised facts are considered: globalisation, information technology, and competition. Globalisation and information technology … may have benefited the most productive firms more and the growth of competition may at the same time have stimulated the …

competition, measured as the strength of coverage of a stock from other analysts. The interaction among analysts and investors is …

effects are due to increased competition for local resources. …

competition for matches may solve hold-up and coordination problems generated by the absence of complete contingent contracts. In … particular, this paper shows that when matching is assortative and sellers’ investments precede market competition then … coordination failures. Different types of efficiency arise when buyers undertake investment before market competition. These …

Focusing on homogeneous beliefs, we can distinguish two commonly shared ideas that, i) the competition between informed … market, i) the informativeness of prices increases with the degree of competition and, ii) the aggregate and individual …