competition on various facets of post-IPO cash policy. Our results suggest that post-IPO cash holdings as well as marginal value … suggest that product market competition influences both the level and marginal value of cash reserves in the hands of founder …

This paper presents empirical evidence on the impact of competition on firm productivity. Using firm-level observations … competition and our measures of productivity. We also find that countries that implemented product-market reforms had a more … pronounced increase in competition, and correspondingly, in productivity: the contribution to productivity growth due to …

to strengthen competition in the non-tradable sector and make the labor market more efficient and inclusive, supported by …

recommendations presented here are based on the particular system of property rights assumed within each theory. In this example, I …

delegation on prices and incentives. The theory builds on the simplest framework of competition in two dimensions: prices and … other firms do not. This paper analyzes the impact of competition on the delegation decision and, in turn, the impact of … (sales agents') effort. Specifically, we are interested in answering the following questions: (1) Does competition affect the …

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 …