How do firms in high-income countries adjust to emerging market competition? We estimate how a representative panel of … more differentiated firms that survive the increase in competition have better performance ex-post, but are ex-ante more …

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 …

effects are due to increased competition for local resources …

: competition, business environment, learning spillovers and human capital. Collectively, these drivers account for about a third of …

The folk wisdom is that competition reduces agency costs. We provide indirect empirical support for this view. We argue … competitive industries, the negative relation between past returns and current leverage will be attenuated. Theory suggests that …

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 …

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 …