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 …

explain them. We then describe a theoretical framework of endogenous markups, innovation, and competition that can potentially …

controlling for productivity effects. Indeed, when market competition and productivity effects are both accounted for, trade …This study evaluates the role market competition plays in determining inflation based on sector-level data from OECD … countries. In theory, trade openness can affect inflation through changes in market competitiveness and productivity …

these empirical regularities through the lens of a micro-founded general equilibrium model of endogenous firm dynamics … decisions, and the resulting "best versus the rest" dynamics. We focus on multiple potential mechanisms that can potentially … attention to the implied transitional dynamics. Our results highlight the dominant role of a decline in the intensity of …

stress that competition and regulatory authorities should take seriously the potential trade-off between market power effects …

determinants of cross-country differences in the persistence of productivity differentials Specifically, we focus on the effects of … convergence rates. Consistent with theories, the persistence of productivity differentials is found to be positively correlated …, productivity convergence appears to be enhanced by human capital but deterred by government spending. …

This paper empirically investigates the advertising competition in the French broadcast television industry within a … oligopoly competition and identify the shape and magnitude of the feedback loop between TV viewers and advertisers. We also … implement a simple procedure to identify the conduct of firms on the market. We find that the nature of competition in the …

embeds a novel, highly tractable and scalable demand system (GHL) that can be estimated for the universe of public … new measure of firm productivity that accounts for product quality; 2) a metric of network centrality, which captures the … extent of competition from substitute products. I estimate that, in 2019, public corporations produced consumer surplus in …

of multi-homing on both sides is mostly ignored in the literature on competition between two-sided platforms. We help … fill this gap by developing a model for platform competition in a differentiated setting (a Hoteling line), which is …