the opportunity for managerial slack. Consistent with the notion that competition mitigates managerial slack, we find that …, firms in competitive industries experience no significant effect. When we examine which agency problem competition mitigates …

Germany was divided after World War II, many firms in the machine tool industry fled the Soviet occupied zone to prevent … expropriation. We show that the regional location decisions of these firms upon moving to western Germany were driven by non … effects are due to increased competition for local resources …

. Inspired by the theory of the core, we explore the idea that the competitive process is the process of sellers and buyers …

incumbent manufacturer transfer profits to retailers. If entry is accommodated, upstream competition leads to fierce down …- stream competition and the breakdown of RPM. Hence, via RPM, retailers internalize the effect of accommodating entry on the … effect of a retailer cartel. We also consider the effect of imperfect competition. Empirical and policy implications are …

in a hierarchy. The problem of designing an efficient policy to raise the status in this competition of a disadvantaged …

robustness to labor market competition both theoretically and experimentally. Consistent with our theoretical model, we observe … substantial ratchet effects in the absence of competition, which is nearly eliminated when competition is introduced; this is true …

) competition in the development and marketing of the resulting product. The competitive interactions that occur substantially … these interactions. Implementation of the model shows that competition in R&D, in general, not only increases production and …