incumbent manufacturer transfer profits to retailers. If entry is accommodated, upstream competition leads to fierce down …- stream competition and the breakdown of RPM. Hence, via RPM, retailers internalize the effect of accommodating entry on the … effect of a retailer cartel. We also consider the effect of imperfect competition. Empirical and policy implications are …

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 …

in consolidation has led to concern about competition in local markets for hospital services. We examine the effect of … market structure on competition in local hospital markets -- specifically, does the hardness of competition increase with the …

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 …

straightforward empirical tests from a model of patient demand, procedure quality, and differentiated product competition. Using …

In a dynamic environment where underlying competition is "for the market," this paper examines what happens when …

power. In those situations, governments could attempt to regulate the market or to increase competition. We provide the … first experimental evidence on the effect of increased competition on prices and quality relying on an intervention that …