(Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if …

-sharing, screening opportunities, and competition are important driving forces behind these new forms of work organization. We document … competition substantially fosters the trust strategy, reduces market segmentation, and leads to large welfare gains for both …

competition on this choice. We find that competing banks use collateral less often than a monopolistic bank because competition … will intensify if both banks collateralize. Moreover, bank competition is welfare improving if collateralization is rather … are better able to evaluate a project's risk than entrepreneurs. We study the bank's choice between screening and …

This paper investigates competition for advertisers in media markets when viewers can subscribe to multiple channels. A …

Foreign bank entry is frequently associated with spillover effects for local banks and increasing competition in the … have positive welfare effects the stronger competition. Hence, competitive effects seem to reinforce each other, while … spillovers and competition tend to weaken each other. …

, compete for a prize there is a need for intra-team coordination in order to win the inter-team competition. Introducing …