instrumenting is particularly important for estimating the effect of competition on the markup of the price leader. …

competition on the markup of the price leader. One more firm in the market is associated with a reduction of the price leader …'s markup which is equivalent to competition between existing firms for an additional three weeks in the product life cycle. Our … results support search theoretic models and contradict models of monopolistic competition. Moreover our results support the …

surplus-sharing and product differentiation, it is chosen by the second mover to avoid Bertrand competition. The equilibrium …

that the SSM reduced competition for SSM banks in countries affected by the sovereign debt crisis. Otherwise, the impact of … the SSM was limited or competition increased. Furthermore, our results suggest that anti-competitive side effects of the …

I present a game-theoretic model where economic competition and attention competition are interdependent. On the one … price competition among all perceived firms. On the other hand attracting attention involves costs which must be covered by … the earnings from competition. It is the task of this paper to clarify the consequences of such an interdependence between …

little, fierce competition between providers of similar services is expected. We consider a model where two e …