or market structure. We address the question how competition among suppliers of finance interacts with trust and … trustworthiness in a laboratory one-shot trust game. In order to disentangle pure effects of competition and effects of competition … show that competition has no significant effects on trust and trustworthiness of individuals in a strangers’ framework …

efficiency under mild competition. The effect of competition on the equilibrium strategy is different depending on which class of … show that the effect of competition on efficiency is different between the common value and the private value setting …. Strong competition leads to the least efficient equilibrium for the common value setting but efficiency can be improved by …

violated. It is shown that more competition makes the equilibrium signaling more informative when the level of competition is … moderate. Moreover, the equilibrium signaling can perfectly reveal the ability under a certain level of competition. On the … other hand, too much competition always makes the equilibrium signaling less informative. …

We estimate the macroeconomic benefits and international spillovers of an increase in competition using a general …-equilibrium simulation model with nominal rigidities and monopolistic competition in product and labor markets. We draw three conclusions … after calibrating the model to the euro area against the rest of the industrial world. First, greater competition produces …

Private banks often blame state guarantees to distort competition by giving public banks the advantage of lower funding … costs. In this paper I show that if borrowers perceive the public bank as supporting economic development, private banks may … disadvantage. The public bank's competitive advantage may be offset, independently of what its true objective function is. Even …

financial system in which there is intense competition among banks for private households' funds. Following earlier work by … contracts is restrained by households' financial market access. However, we also assume spatial monopolistic competition among … monopoly rents also entails a positive effect; however, this beneficial effect is only relevant if competition among banks does …