on existing theories of competition in markets with adverse selection. -- Asymmetric information ; competition ; adverse …

has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to … ; competition …

Using German establishment data, this paper examines the relationship between product market competition and the extent … of employer provided training. We demonstrate that high product market competition is associated with increased training … except when the competition is so severe as to threaten liquidation to a firm. We take this as evidence of an inverted U …

that formal firms that are more exposed to the competition of informal firms are less likely to apply for a bank loan. This …This paper documents the link between finance and informal competition. Using longitudinal firm-level data, we show … informal competition have worse expectations on future sales growth, which in turn are associated with a lower probability of …

competition for principals or agents. While we do observe substantial and significant ratchet effects in the baseline (no … competition) case of our model, we find that ratchet behavior is nearly eliminated by labor-market competition; interestingly this … is true regardless of whether market conditions favor principals or agents. -- Ratchet effect ; competition ; experiment …