A classic question in industrial organization is whether competition raises productivity and if so, through what mechanism? I discuss recent empirical evidence from both large-scale databases and specific industries which suggests that tougher competition does indeed raise productivity and one...

It is now widely understood that the quality of state schools in a neighbourhood has an impact on local house prices. Analysing data for Paris, Gabrielle Fack and Julien Grenet have looked deeper into this link by exploring how the presence of private schools influences parents' willingness to...