Firms signal high quality through high prices even if the market structure is highly competitive and price competition … market power when other firms are of high quality. High quality firms charge higher prices than low quality firms but lose … business to rival firms with higher probability. Some of the revealing equilibria involve high degree of market power (price …

neither. We show that two types of signalling equilibria are possible. Both are characterised by dispersion and Pareto …

encroacher is infinitely repeated and the encroacher has some bargaining power over the size of the transfer from the asset owner …. Overinvestment is used to induce cooperation. However, this result depends on the encroacher's bargaining power or, more generally …

violated. It is shown that more competition makes the equilibrium signaling more informative when the level of competition is … moderate. Moreover, the equilibrium signaling can perfectly reveal the ability under a certain level of competition. On the … other hand, too much competition always makes the equilibrium signaling less informative. …

The compromise enhancing effect of lobbying on public policy has been established in two typical settings. In the first …, lobbies are assumed to act as 'principals' and the setters of the policy (the candidates in a Downsian electoral competition … or the elected policy maker in a citizen- candidate model of electoral competition) are conceived as 'agents'. In the …