employment declines in independent stores they were meant to protect. The reason is that when large retail chains are prevented …

(TFP) in the retailing industry by (i) restricting the total availability of land for retail, thereby increasing space … costs (ii) directly limiting store size and (iii) concentrating retail development on specific central locations. We use … unique store-specific data to estimate the impact of space on retail productivity and the specific effects of planning …

implement the commitment solution with constraints on transfers. Second, absent current competition, the possibility of future … competition between regulated firms and when firms' private information is correlated. This sharply contrasts with the dynamic of … regulation without such competition. The paper also explores what limitations on yardstick mechanisms can justify the use of long …

business strategies. Without government commitment, there is an additional basis for intervention, whose sign depends on the …

always decrease the agency cost, it can have the adverse effect of weakening the principal's commitment not to renegotiate …

A basic model of commitment is to convert a two-player game in strategic form to a “leadership game” with the same …

stems from more intensive competition, manifested through external economies of scale and longer production runs. We finish …

This paper examines whether or not hospital competition in a market with fixed reimbursement prices can prompt …. This paper assesses whether this aim has been achieved and competition led to improvements in quality. For our estimation … improved) for patients living in more competitive markets after the introduction of hospital competition in January 2006. Our …

integration emerges whether there is Cournot or Bertrand competition in the input market. The degree of integration in the …