In a dynamic environment where underlying competition is "for the market," this paper examines what happens when … entrants and incumbents can instead negotiate for the market. For instance, this might arise when an entrant innovator can …

introduce a model of the market for advertising on news media outlets whereby news outlets are modeled as competing two … equilibrium outcomes in the advertising market. One consequence is that multi-homing on the part of advertisers is heterogeneous …

strategy to world shipbuilding, a classic target of industrial policy. I find strong evidence consistent with China having … subsidies led to substantial reallocation of ship production across the world, with Japan, in particular, losing significant … market share. They also misaligned costs and production, while leading to minor surplus gains for shippers …

portfolios concentrated in sectors exposed to competition from China face an increase in non-performing loans after China's entry … into the World Trade Organization. As a result, they reduce the supply of credit to firms, irrespective of the firm … financial channel amplifies the shock to firms already hit by import competition from China and passes it on to firms in sectors …

The expansion of U.S. universities after World War II gained from the arrival of immigrant scientists and graduate … convergence in world science and engineering and a falling U.S. share. But the slowdown of U.S. publication rates in the late 1990 …

Competition between opposing lobbies is an important factor in the endogenous determination of trade policy. This paper … investigates empirically the consequences of lobbying competition between upstream and downstream producers for trade policy. The … with lobbying competition. Importantly, accounting for lobbying competition also alters substantially estimates of the …