How does demand uncertainty affect entry into skill-based competition? I investigate this question in a market entry …

We employ a two-stage, n-firm differentiated products framework to examine the effect of competition for investors … in Cournot or Bertrand competition to sell partnership units in their funds. Our results help explain the fundraising …

This paper studies how expected returns interact with product market competition. The model predicts that (i …) competition erodes markups, such that firms are more exposed to systematic risk; (ii) the threat of entry by new firms lowers … overall negative relation between returns and competition. We also consider a sample selection correction for publicly listed …

changes. We qualitatively show how two firms strategically optimize their investment timing, taking into account competition …