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This paper proposes a tractable competing mechanism game where each seller simultaneously posts a trading contract that specifies a menu of dominant strategy incentive compatible (DIC) direct mechanisms conditional on an array of messages sent by buyers, and each seller subsequently chooses a...
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This paper studies how competition affects firms' expectations in a new dynamic general equilibrium model with rational inattention and oligopolistic competition where firms acquire information about their competitors' beliefs. In the model, firms with fewer competitors are less attentive to...
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with micro and small entrepreneurs. Drawing on a data set about the customers of the relationship lender ProCredit Ecuador …
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) in Ecuador. The third section will expose the problems and challenges that the Superintendency for Market Power Control …
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Ecuador faces the challenge of consolidating the social gains achieved during the last decade while addressing the … remained subdue. This policy note diagnoses the nature of the imbalances faced by Ecuador's economy and identifies key areas …
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