consumer welfare. The model consists of an investment stage with uncertain returns and subsequent quantity competition. The …

players. At stage two, both players observe the given level of risk and simultaneously invest in a winner-take-all competition …

We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public … to the steady state. While fiercer competition (lower transportation costs or less sluggish demand) leads to higher … quality in both solutions, the quality response to increased competition is weaker when players use feedback strategies. …

as suggested in consumer research. On this basis, we investigate monopoly and competition between firms, described via an …

This paper investigates how group membership and competition among trustors interact with trust and trustworthiness in … competition leads to a decrease in trustworthiness, especially among partners. We argue that once competition comes into play …