We study competition among market designers who create new trading platforms, when boundedly rational traders learn to … market designer. This in turn leads market designers to introduce non-market clearing platforms. Hence platform competition …

This paper investigates competition between health insurance companies under different financing regulations. We … consider two alternatives advanced in recent German health care reform discussions: competition by contribution rates (health … contributions) and by fees (health premia). We find that contribution rate competition yields lower company profits and higher …

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 …

The concept of electoral competition plays a central role in many subfields of political science, but no consensus …

This paper studies a market for a medical product in which there is perfect competition among health insurers, while …

the high-quality firm’s product than vice versa. The high-quality firm is better shielded from price competition, as its …

win rebates can effectively encourage further conservation among those who can meet the threshold reduction. The theory …