This paper shows that subsidy competition may be efficiency enhancing. We model a subsidy game among two asymmetric … subsidy competition, starting from an equilibrium where the industry core is inefficiently locked in to the smaller region …

trust and trustworthiness in anonymous transactions. Market competition creates incentives that arguably may enhance or curb … the effectiveness of these systems. We investigate how different forms of market competition and social reputation … networks interact in a series of laboratory online markets, where sellers face a moral hazard. We find that competition in …

developing a novel approach to competition between different organizational forms, it frames the relevant trade-offs precisely …

broker therefore strategically sells partial information on consumers in order to soften competition between firms. Extending …

skeptical about undisclosed quality. We show that neither competition nor the presence of sophisticated consumers necessarily …

Empirical studies have uncovered an inverted-U relationship between product-market competition and innovation. This is … inconsistent with the original Schumpeterian Model, where greater competition reduces the profitability of innovation. We show that … the model can predict the inverted-U if the innovators' talent is heterogenous, and privately observable. With competition …