uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition … the collusive level. Furthermore, competition in supply functions aggregates the dispersed information of firms (the … equilibrium is privately revealing) while Cournot competition does not. The implication is that with the former the only source of …

welfare losses is 1/ n2 . The results extend to demand schedule competition and a range of applications in product and …

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

The relationship between competition and performance-related pay has been analyzed in single … competition when aggregated firm data is used. …

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

This paper studies the impact of hospital competition on waiting times. We use a Salop-type model, with hospitals that … from the closest hospital (monopoly segment). Compared with a benchmark case of monopoly, we find that hospital competition … hospital competition, the effect of increased competition depends on the parameter of measurement: Lower travelling costs …

more intense competition may have the negative side-effect of eroding tax revenues by increasing tax evasion. This will be … weakly concave or convex and inelastic. The desirable result of more competition, less evasion and higher tax revenues will …