contracts literature hold up to recent empirical evidence. Guided by theory, we arrange services according to the type and …

We extend the models in ("Competition in two-sided markets" of Armstrong (2006, Rand Journal of Economics) by adding …

removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic … stability in this period, we are able to isolate the effects of bank competition from those of state implicit guarantees. We … states that retained state bank chartering policies. We argue that the fiercer bank competition following the introduction of …

competition between private firms for the best motivated workers leads to higher wage cost than under the public monopsony …

theoretical contribution is combining a job matching model with monopolistic competition in the goods market and individual wage … bargaining. Product market competition affects unemployment by two channels: the output expansion effect and a countervailing … effect due to a hiring externality. Competition is then linked to barriers to entry. We calibrate the model to US data and …