The folk wisdom is that competition reduces agency costs. We provide indirect empirical support for this view. We argue …

We explore the effects of two kinds of competition on the cost of capital in the tax-exempt bond market: (1 …) competition amongst underwriters and (2) competition amongst issuers (most of which are quasi-public special authorities … sanctioned by state governments). The first kind of competition--essentially, competitive versus negotiated bidding processes …

Open borders imply systems competition. This paper studies the implications of systems competition for the national … competition rules. It is shown that an equilibrium where all countries retain their antitrust laws does not exist, since …

We study the consequences of hospital competition for Medicare beneficiaries' heart attack care from 1985 to 1994. We … hospital markets, and how hospital competition interacts with the influence of managed care organizations to affect the key … competition were ambiguous; but in the 1990s, competition unambiguously improves social welfare. Increasing HMO enrollment over …

This paper studies the impact of technological change and regulatory competition on governmental efforts to generate …

In this paper we review issues relating to antitrust and competition in health care markets. The paper begins with a … ways that might affect the optimality of competition. The paper then focuses on the main areas in which antitrust has been …

frictions and the increase in specialization have exactly offsetting effects on the extent of competition in the market. Under …

voters who are aligned with pro-FTA political candidates. We find that import competition plays a role in explaining votes …

Prior research, primarily based on lab experiments, suggests that females might be more averse to competition than … significant gender differences in willingness to participate under competition. Among those in STEM fields, we detect no …