(Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if …

competition for principals or agents. While we do observe substantial and significant ratchet effects in the baseline (no … competition) case of our model, we find that ratchet behavior is nearly eliminated by labor-market competition; interestingly this …

(Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if …

This paper has attempted to examine the impacts of competition policy reforms on the efficiency of the Philippine … commercial bank in the system producing the same output and facing the same conditions. On the other hand, the average measured … cost inefficiency of the commercial banks is 1.39, suggesting that, on average, 39 percent of the commercial bank's costs …

(2000) testing for endogenous competition among job seekers in a matching frame-work, is replicated with a richer and more … accurate data set for Germany. Their results are confirmed and found to be surprisingly robust. Second, the matching framework … is augmented by endogenous strategic hiring behavior on the side of vacancyposting firms. Neglecting job competition, the …

und damit mehr Wettbewerb zum Ziel. Die erwartete Zunahme der Anbieter, durch die es zu sinkenden Preisen und einer … sehr heterogenen Handwerksmarkts aufzeigen, wie sich der Wettbewerb unter der Annahme unterschiedlicher mikroökonomischer …