We consider a dynamic competition game among three players, where each player can vary the extent of his competition on … a per-rival basis. We call such competition targeted. We show that if the players are myopic, the weaker players … competition can be applied to competition between firms or political parties, or to warfare …

and competition from the fringe. We argue that when dominance is derived from first-mover advantages and innovation … feedback loops, rather than high and non-transitory barriers to entry, competition policy and regulation should avoid … from anti-competitive foreclosing abuses rather than from competition on the merits …

Competition Authority (CA). We distinguish three sets of interventions: (a) detecting, prosecuting and penalizing cartels; (b … derive measures of both the total and the marginal effects on welfare resulting from competition authority interventions and …