show that sectors characterized by a higher degree of competition (more substitutable products and a lower concentration of … evidence. In an oligopolistic market, firms can benefit from an increase in their product-specific protection measure, if they … are more likely to reduce profits. In competitive markets firms are therefore more likely to lobby together thereby …

We model spatial clusters of similar firms. Our model highlights how agglomerative forces lead to localized, individual … connections among firms, while interaction costs generate a defined distance over which attraction forces operate. Overlapping …

We use new theory and data to study how firms endogenously form production networks across regions and countries …. Supplier and buyer relationships form depending on firms' productivity and geographic location. We characterize the normative …

We organized business associations for the owner-managers of randomly selected young Chinese firms to study the effect … of business networks on firm performance. We randomized 2,800 firms into small groups whose managers held monthly … meetings improved supplier-client matching. (6) Firms whose managers discussed management, partners, or finance improved more …

The folk wisdom is that competition reduces agency costs. We provide indirect empirical support for this view. We argue … that the temptation to retain cash and engage in less productive activities is more severe for firms in less competitive … leverage as well as a lowering of future returns for firms in less competitive environments. Current leverage will therefore be …

In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where … geographic proximity is a key determinant of competition, and English public hospitals where political competition can be used to … survival rates from emergency heart attack admissions (AMI). More importantly, we find that higher competition (as indicated by …