This paper develops a theory of oligopoly and markups in general equilibrium. Firms compete in a network of product … extent of competition from substitute products. I estimate that, in 2019, public corporations produced consumer surplus in …

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 … ; subsidy competition …

firms in the markets. We empirically test this aspect of mergers using a comprehensive database that contains detailed firm … firms in the product market. Mergers dominated by market power effects result in a higher number of firms than efficiency … number of firms in related product markets. Finally, our results confirm that postmerger changes in the equilibrium number of …

cooperation in a subsequent social dilemma game. The issues we study are part of the broader topic of whether there are behavioral … cooperation for pairs of market-winners, market-losers and mixed pairs and study both the cases where interaction in the social … experience has adverse effects on the efficiency of cooperation on both market-winner and market-loser pairs. In market …

literature on tournaments within firms, which shows that competitive compensation schemes reduce cooperation in the short-run, we …We present the first causal evidence on the persistent impact of enduring competition on prosociality. Inspired by the … competition period. 4-year follow-up data indicate that the effect persists and generalizes, suggesting a change in traits and not …

mainly driven by large firms' increased likelihood to innovate. -- Difference-in-differences ; cluster policy ; regional …

to enhance domestic absorption capacity appear better suited to net receivers of technological shocks whilst policies to …

with the evolution in executive pay and the market for managers during earlier time periods. A case study of General … managers …