foreign and domestic competition, the consequences of soft budgets, and the role of managerial incentives and managerial human …

We investigate whether competition between two firms to hire managers with different abilities might affect the product … markets efficiency, when a manager's effort once hired is or her private information. We conclude that competition for … managers might lead to an efficiency improvement in the market of the firm that attracts the most efficient manager. …

This paper analyses the institutional framework for pharmacies in Germany and competition in that sector, which is … characterized by significant competition deficits. Based on our diagnosis and findings the advantages and disadvantages of two …