offers especially when many consumers prefer comparable offers. This occurs after initial periods with strong competition and … leads to lower welfare for all consumers. In treatments where firms cannot monitor the competition, firms end up having to …

die Teilnehmer über das Qualitätsniveau als eines von drei im Wettbewerb stehenden Krankenhäusern entscheiden. Wir …

We study how competition between physicians affects the provision of medical care. In our theoretical model physicians … in a controlled laboratory experiment. In line with the model, we observe that competition significantly improves patient … physician, competition even decreases the patient benefit compared to a situation without competition. This decrease is in …