expectations of future profits which, in turn, depend on the nature of competition within the market. In this paper we estimate a … by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price competition are all …

show that sectors characterized by a higher degree of competition (more substitutable products and a lower concentration of …

This paper builds a new model of financial exchange competition, tailored to the institutional details of the modern US …

The correlation between productivity and competition is an oft–observed but ill–understood result. Some suggest that … there is a treatment effect of competition on measured productivity, e.g. through a reduction of managerial slack. Others … argue that greater competition makes unproductive establishments exit by reallocating demand to their productive rivals …

, quality competition came more in the form of costs that vary with hotel size, and less in the form of costs that are fixed …

insurance market), we study the impact of competition on premiums. We exploit variation in ratings-area-level competition …

autarkies" to a nationally integrated market. I demonstrate that the results of increased competition were" what industrial …

provides an introduction to the economics of 2SPs and its application to several competition policy issues …