In the context of supply function competition with private information, we test in the laboratory whether - as …

Launching and stimulating competition in telecommunications markets is an important policy goal. It contains two … elements: to encourage entry and to make competition effective such that consumers benefit. The first one requires that … to what extent such regulatory policy can stimulate competition. Our main finding is that, in the short run, asymmetric …

Competition in some markets is a contest. This paper studies the merger incentives in such markets. Merger can be …

competition over endogenously determined policies induces strategic restraint that reduces polarization and, in turn, wasteful …

We address the question of how lending market competition, measured by the bargaining power of banks, affects the … agency costs of debt finance. It is shown that intensified lending market competition will lead to lower lending rates and … lending market competition will reduce the agency cost of debt financing. Hence, our analysis does not lend support to the …

Open borders imply systems competition. This paper studies the implications of systems competition for the national co …

We consider dynamic competition among platforms in a market with network externalities. A platform that dominated the … the focal platform whenever such equilibrium exists. Yet when faced with higher-quality competition, can a low …

experience entry and other do not. In all pre-entry markets competition is more intense. Post-entry behavior in all markets is …