We show that competing firms relax overall competition by lowering future barriers to entry. We illustrate our findings …-period profits. This dampens competition for serving the first-period market. …

We study the dynamics of competition in a model with network effects, an incumbent and entry. We propose a new way of …

-dimensional spatial competition model. We develop a new methodology to analyze competition on a torus and show that there is a fundamental …, firms are likely to choose the minimal compatibility to maximize product differentiation and soften competition. This is in …

Envelopment is an effective form of market entry that facilitates competition among platforms. Nevertheless, many …

competition model with entry in which exchanges supply technological services, and have market power. We find that technological … services can be strategic substitutes or complements in platform competition. Free entry of platforms delivers a superior …

propose a unifying theory to analyze the symptoms and the potential causes of this decline. We first highlight 10 pronounced … explain them. We then describe a theoretical framework of endogenous markups, innovation, and competition that can potentially … potential of growth theory for the analysis of factors behind declining business dynamism and the need for further investigation …

Asset-based lending, the supply of loans based on floating collateral, is an important source of funding for small .rms …. We analyze the effect of competition on asset-based loan markets on interest rate distributions and the mobility of small … firms. Close monitoring of collateral by lenders results in an informational advantage for the incumbent lender and third …