central bank money. The key differences between cash and central bank digital currency (CBDC) include transaction efficiency …

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

rationalize this by assuming that idiosyncratic non-pecuniary conditions interact with money wages in workers' decisions to work …, firms are price-makers and wage-setters. Our setting combines monopolistic and monopsonistic competition, thus encapsulating …

financing systems aimed at increasing the competition between universities by making their pubic funds dependent on their … increased competition between universities causes grade inflation …

characteristics are observed. Students are randomly assigned to a tournament scheme that fosters competition between coupled students … which students can neither compete, nor cooperate. In line with theoretical predictions, we find that competition induces …

This paper assesses the impact of product market competition on job instability as proxied by the use of fixed … Strategies Survey, I show that job instability rises with competition. In particular, a one standard deviation increase in … competition in an economic sector decreases the probability that a fixed-term worker gets an open-ended contract within that …

to higher school productivity. We discuss the evidence in this area, concluding that the impact of competition has proven … market design might be necessary to ensure that competition enhances educational performance …