(Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if …

competition on this choice. We find that competing banks use collateral less often than a monopolistic bank because competition … will intensify if both banks collateralize. Moreover, bank competition is welfare improving if collateralization is rather … are better able to evaluate a project's risk than entrepreneurs. We study the bank's choice between screening and …

This paper investigates competition for advertisers in media markets when viewers can subscribe to multiple channels. A …

Foreign bank entry is frequently associated with spillover effects for local banks and increasing competition in the … have positive welfare effects the stronger competition. Hence, competitive effects seem to reinforce each other, while … spillovers and competition tend to weaken each other. …

, compete for a prize there is a need for intra-team coordination in order to win the inter-team competition. Introducing …

analysis to investment decisions of strategic firms that anticipate competition on many consecutive spot markets with … fluctuating (and possibly uncertain) demand. We study how the degree of spot market competition affects investment incentives and …

induces a negative effect on the profits of both media outlets, and increases price competition. Furthermore, the newspaper …