transition from a high to a low competition environment. These are either the wealthy, or agents with low productivity relative … build a framework with entry, imperfect competition, heterogeneous households, and incomplete markets. Recent trends in … restrict competition. Those trends account for 11% to 22% of the increase in income inequality observed between 1989 and 2007 …

markets can make the transition more efficient; 3. In some areas, a too-narrow focus on competition can be detrimental, and … three levels of intervention: 1) competition rules and enforcement should be adjusted to meet the new challenges of the … benefits of competition for efficient resource allocation in the transition. Institutions should not focus solely on static …

Using data from the US automobile market, we empirically examine the link between competition and innovation … interesting market to examine the link between competition and innovation. We use firm-level time-series data over a long horizon … relationship is reasonably non-linear; (2) higher market-wide competition results in an increase in patenting, and the relationship …