I investigate whether two mechanisms leading to biased beliefs about success, overconfidence and competition neglect … making their decision. Second, I vary whether the competition group consists of all potential competitors or only of …

tougher competition does indeed raise productivity and one of the main mechanisms is through improving management practices … the economics of competition and management, arguing that management should be seen at least in part as a transferable … technology. A range of recent econometric studies suggest that (i) competition increases management quality and (ii) improved …