has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to … determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields …

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

has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to … determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields …

on existing theories of competition in markets with adverse selection. …

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

Epistemic arguments play a significant role in Hayek's defense of market liberalism. His claim that market competition … and cost competition but also competition by innovations. Thence he overlooks the ambiguity that follows from the …

Our paper decomposes knowledge-diffusing trade flows and estimates their impacts separately. Overall, trade generates … positive knowledge spillovers, but the effects of intra-industry trade are ambiguous. With regard to sectoral import … penetration, we find that potential positive spillovers are dominated by negative competition effects. This, however, masks the …

competition arising from trade reforms lead to increases in innovation? This paper attempts to examine the link between trade … Licandro (2009, 2010) as guide, a two-stage approach is tested where trade and innovation are linked via competition. A …What is the impact of the removal of barriers to trade on the firms' innovative activities? Does the increase in …

In this paper, we analyze the effects of trade, concentration and ownership on the pricing behavior of firms in two … estimate the effects of these three factors on the price cost margin (PCM) for the period 1994-1998. We find: 1) that trade …