prompted competition by increasing transparency in market prices …

We study empirically how competition among high-frequency traders (HFTs) affects their trading behavior and market …-frequency competition, and contains an exogenous event - a tick size reform - which we use to disentangle the effects of the rising share of … high-frequency trading in the market from the effects of high-frequency competition. We find that when HFTs compete, their …

-country convergence of three used bank competition measures, with higher convergence levels of market power and of competitive behaviour …

fraction of trades is executed at best available prices. Our results suggest that competition forces competing but disconnected …

reversion in laggards' performance. When policy uncertainty is high, technological competition intensifies even as the overall …

competition in the appraisal industry affects appraisal bias. We model appraiser behavior given a loan officer's preference for … lender. Our results show that a one standard deviation increase in appraiser competition, measured at the MSA/year level, is …

Advocating for competition in financial markets can be more challenging than in other markets since other policy goals … can take precedence over efficiency considerations. Competition authorities therefore have to cooperate effectively with … financial markets often differs from other markets, meaning that the competition authorities' role can be limited or less …

We examine the extent to which regulations of entry and credit access are related to competition using data on 28 … competition, as proxied by the price-cost margin, in the industries with a naturally high entry rate. Rigid entry regulations are … exerting a positive effect on competition. These results suggest that incumbent firms are likely to enjoy the rent and market …