in the World Values Survey, and democracy, all of which are good for growth as reflected in the purchasing power of per …

effects of direct democracy. Town meetings (popular assemblies) replace local councils in small German municipalities below a … specific population threshold. Difference-in-differences, RD and event study estimates consistently show that direct democracy …% under direct democracy. We do not find that business tax rates change. Direct democracy allows citizens to design tax …

through asset building. The theoretical and empirical results indicate that an increase in the initial level of competition … implies greater export incentive. However, over the life cycle of a firm, the role of competition is impacted by the intensity … of capital accumulation and the initial level of wealth. Greater local competition before the entry of firms in the …

of multi-homing on both sides is mostly ignored in the literature on competition between two-sided platforms. We help … fill this gap by developing a model for platform competition in a differentiated setting (a Hoteling line), which is …

We integrate a market microstructure model with an exchange competition model with entry in which exchanges supply … strategic substitutes or complements in platform competition. Free entry of platforms delivers a superior outcome in terms of …

We focus on the estimation of market entry costs that are declining over time and evaluate their impact on competition …

We develop a dynamic model of hospital competition where (i) waiting times increase if demand exceeds supply; (ii …

The emergence of competition is a defining aspect of human nature and characterizes many important social environments …

I show how changes in competition affect the power of reputation to induce sellers to exert effort. The impact of … competition on sellers' incentives is theoretically ambiguous. More competition disciplines sellers, but, at the same time, it … the value of building a reputation through effort. In this framework, more competition depresses hosts' profits and leads …