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We develop a model of spatial competition to explore how changes in the market structure affect the incentives of banks … reveal that the relaxation of competition distorts banks' incentives to invest in screening …
Persistent link: https://www.econbiz.de/10012910768
Persistent link: https://www.econbiz.de/10011920035
Laboratory evidence shows that when people have to argue for a given position, they persuade themselves about the position’s factual and moral superiority. Such self-persuasion limits the potential of communication to resolve conflict and reduce polarization. We test for this phenomenon in a...
Persistent link: https://www.econbiz.de/10013191465
We merge experimental data on competitiveness of a large sample of students with their complete educational history for up to ten years after the initial assessment. Exploiting quasi-random class assignments, we find that having competitive peers as classmates makes students choose and secure...
Persistent link: https://www.econbiz.de/10015062073
We merge experimental data on competitiveness of a large sample of students with their complete educational history for up to ten years after the initial assessment. Exploiting quasi-random class assignments, we find that having competitive peers as classmates makes students choose and secure...
Persistent link: https://www.econbiz.de/10015065329
A mixed manna contains goods (that everyone likes), bads (that everyone dislikes), as well as items that are goods to some agents, but bads or satiated to others. If all items are goods and utility functions are homothetic, concave (and monotone), the Competitive Equilibrium with Equal Incomes...
Persistent link: https://www.econbiz.de/10012963388
delay. However, only the top gatekeeper artificially delays matches to increase competition, a prediction that matches …
Persistent link: https://www.econbiz.de/10012852213
the joint profit maximization is non-negative: As the number of buyers increases, competition is neutralized because only …
Persistent link: https://www.econbiz.de/10012919288
We consider the problem in which n items arrive to a market sequentially over time, where two agents compete to choose the best possible item. When an agent selects an item, he leaves the market and obtains a payoff given by the value of the item, which is represented by a random variable...
Persistent link: https://www.econbiz.de/10013216218
fraction of identical investors acquires positions in all firms (common owners). Investors’ ability to influence competition … and competition. Finally, by increasing volatility, common ownership imposes a negative risk externality and may lead to …
Persistent link: https://www.econbiz.de/10013249098