This paper examines how sales force impact competition and equilibrium prices in the context of a privatized pension … foster competition in social safety net markets with large segments of inelastic consumers …

feature of market economies, is inherently vulnerable to runs in all its forms (not just demand deposits). Bank regulation … aims at preventing bank runs. History shows two approaches to bank regulation: the use of high quality collateral to back …

We develop a dynamic game to explore the interaction between regulation and private policies, such as self-regulation … by firms and activism. Without a public regulator, the possibility of self-regulation is bad for the firm, but good for … activists who are willing to maintain a costly boycott to raise the likelihood of self-regulation. Results are reversed when the …

the effects of upstream competition vary with distance to frontier on a panel of 15 OECD countries and 20 sectors over … 1985-2007. Competitive pressures are proxied with sectoral product market regulation data. We find evidence that …

of the individual insurance market, the Marketplaces invoke many of the principles of regulated competition including … the tools of regulated competition. We then discuss ways in which the Marketplace model deviates from the more …

government designs the rules of the game has an impact on concentration, competition, and prices. Pro-competition regulation …We study how political factors shape competition in the mobile telecommunication sector. We show that the way a … competition. Government intervention has large redistributive effects: U.S. consumers would gain $65bn a year if U.S. mobile …

; they do not include the likely fee increases resulting from less competition among auditors. We calculate that the latter …

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 …