The relationship between competition and innovation is difficult to disentangle, as exogenous variation in market …

is sufficiently well informed about consumer and firm behavior. -- bounded rationality ; competition ; regulation …

context scale economies dominated the effects of choice and competition. This points to an often ignored trade-off between … scale and competition. -- school choice ; competition ; school consolidation ; achievement ; economies of scale …

This paper presents a novel method for estimating the likely welfare effects of competition reforms for both current … consumers are more likely to reap the benefits of greater competition. This method represents a powerful tool for supporting the … analysis of competition reforms in developing countries, particularly in sectors known for excluding significant segments of …

determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to …

there is a tradeoff as to efficiency and inequality with respect to services that are contracted to private companies in a …

experiment whether gossip affects the efficiency of human interactions. We let subjects play a trust game. Third parties observe … possibility of gossip is highly efficiency-increasing compared to a situation without any gossip. In two further control … treatments, we show that the mere fact of being observed by third parties cannot explain the efficiency-increasing effect of …

, increase or decrease firms' efficiency, scale of operation (size) and employment. Using a large panel of firm-level data from … Poland over 1995-2015, we show that rushed privatization has negative efficiency, scale and employment effects relative to … stronger than its negative effect on efficiency. Our results suggest that when policy makers resort to rushed privatization …