expectations of future profits which, in turn, depend on the nature of competition within the market. In this paper we estimate a … by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price competition are all …

show that sectors characterized by a higher degree of competition (more substitutable products and a lower concentration of …

provides an introduction to the economics of 2SPs and its application to several competition policy issues …

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 … consistent with each of the three main results of the theory. We then use the model to examine the private and social incentives …

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

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

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