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 …

hospital markets, and how hospital competition interacts with the influence of managed care organizations to affect the key …We study the consequences of hospital competition for Medicare beneficiaries' heart attack care from 1985 to 1994. We … 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 … roiled world markets in recent years as information-producing events that identify and discredit inefficient strategies of … regulating banking markets …

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 …

determined, in part, by the structure of the local market. Although in monopoly markets, low circulation papers were quicker to … adopt than high circulation papers, the ranking was reversed within duopoly markets. In such markets, the smaller firms …. Hazard analysis further shows that in markets in which one firm has exited, the remaining duopolist is less likely to adopt …

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 …