(Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if …

(Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if …

The first paper is co-authored with Sylvain Delalay. We examine the impact of competition between ETFs on measures of … quality measures when competition increases within a group. However, we find that competition has a differential impact on … ETFs according to their size and performance. For large or well-performing ETFs, increased competition improves market …