, quality competition came more in the form of costs that vary with hotel size, and less in the form of costs that are fixed …

This paper tests how competition in local U.S. banking markets affects the market structure of non-financial sectors …. Theory offers competing hypotheses about how competition ought to influence firm entry and access to bank credit by mature …

autarkies" to a nationally integrated market. I demonstrate that the results of increased competition were" what industrial …

trends, markup trends, and the effects of mergers does not actually show a widespread decline in competition. Nor does it … observed changes in many industries are likely to reflect competition in action. We highlight research that points to targeted … interventions that can enable antitrust enforcement policy to better promote and protect competition. Throughout the paper, we …

The correlation between productivity and competition is an oft-observed but ill-understood result. Some suggest that … there is a treatment effect of competition on measured productivity, e.g. through a reduction of managerial slack. Others … argue that greater competition makes unproductive establishments exit by reallocating demand to their productive rivals …

This paper builds a model of stock exchange competition tailored to the institutional and regulatory details of the …