. This holds if the public hospital is similar to the private hospital or less efficient and competition is low. The main … hospital compared to the first-best. However, if the public hospital is sufficiently more efficient and competition is fierce …

weak competition. In line with the theory, prices of products, that face very strong competition, are also less likely to …This study analyzes how competition affects price stickiness at the micro level. On the theoretical side, I develop … inflation expectations. I find two opposing effects of competition on the slope of the micro Phillips curve. On the one hand …

find that domestic competition does not seem to explain an excess or shortage of price changes at the sectoral level …