We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … ask two questions: i) how does capital regulation affect (endogenous) entry; and ii) how do (exogenous) changes in the … competitive environment affect bank monitoring choices and the effectiveness of capital regulation? Our approach deviates from the …

faces competition from a slower but betteraccessible transport mode. To access the fast transport network individuals haveto … presence of competition the profit-maximizingand socially optimal decision would be to cluster the two stations. Bycontrast, in … the absence of competition both a profit-maximizing firm and a socialplanner would locate the two stations on opposite …

This paper sheds light on a recent empirical controversy about the effect of competition on price discrimination in … sales that is more skewed towards low prices. We show that whether competition has a positive or a negative effect on the …

various alternative toll regimes that also induce the welfare maximizing outcome, and therefore widen the set of choices for …

The potential relationship between domestic environmental regulation and internationalcompetitiveness has evoked … various speculations. The common neoclassical train of thought is thatstrict environmental regulation is detrimental to the …' inenvironmental standards. A different view is that strict environmental regulation triggers industry'sinnovation potential, and …

We empirically investigate the responsiveness of international trade to the stringency of environmental regulation …. Stringent environmental regulation may impair the export competitiveness of ‘dirty’ domestic industries, and as a result …, ‘pollution havens’ emerge in countries where environmental regulation is ‘over-lax.’ We examine the impact of pollution abatement …

claim that market competition andbidding in an auction should be analyzed as part of one game, where the pricingstrategies …