longstanding legislative and regulatory calls for increased competition. The material entry of a third rating agency (Fitch) to the … competitive landscape offers a unique experiment to empirically examine how in fact increased competition affects the credit … ratings market. Increased competition from Fitch coincides with lower quality ratings from the incumbents: rating levels went …

This paper provides a simple model showing that the extent of competition in credit markets is important in determining …

competition between traditional banks and challenger fintech entrants. We study lending market competition when sharing banks …

Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this … product market competition interact with the strength of patent rights. We provide empirical evidence of innovation responding … with step-by-step innovation models predicting that product market competition enhances innovation and, more importantly …

We examine the impact of Chinese import competition on patenting, IT, R&D and TFP using a panel of up to half a million …-specific quotas following China's entry into the World Trade Organization. Chinese import competition had two effects: first, it led … account for around 15% of European technology upgrading between 2000-2007. Rising Chinese import competition also led to falls …

role of an active market for corporate control and of competition in banking integration. European listed banks … profitability appears to converge to a common level. There is weak evidence that competition eliminates high profits for these banks …