on existing theories of competition in markets with adverse selection. …

Many economic and political decisions are the outcome of strategic contests for a given prize. The nature of such … contests can be determined by a designer who is driven by political considerations with a specific political culture. The main … objective of this study is to analyze the effect of political culture and of valuation asymmetry on discrimination between the …

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

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 …

compared with the western region. Foreign direct investment (FDI) and information and communication technology (ICT) investment …

trend (purely external non-economic) as well as other exogenous (external economic) factors (technology shifters). We define … technology index based on the external economic factors which are indicators of 'technology'. Thus our definition of production … function is amended to accommodate several technology shifters which are not separable from the traditional inputs. That is …

call technology shifters (economic factors). We use several composite technology indices based on appropriate combinations … of the external economic factors which are indicators of different aspects of technology. These technology indices are … specific external economic factors. Furthermore, the technology shifters allow for non-neutral and biased shifts in TC. We also …

have to compete for jobs. Our aim is to investigate how this competition affects the investment decisions of firms. Our …