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interstate banking deregulation lowered barriers to entry into urban banking markets and find that greater competition …Does an increase in competition increase or decrease bank stability? I exploit how the state-specific process of …, such as merger and acquisitions or diversification. Moreover, I find that greater competition reduces banks' nonperforming …
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How does demand uncertainty affect entry into skill-based competition? I investigate this question in a market entry …
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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 …
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We study a model where capacity installation by an incumbent firm serves to deter others from entering the industry. We argue that uncertainty about demand or costs forces the incumbent to choose a higher capacity level than it would under certainty. This higher level diminishes the...
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Entry decisions in market entry games usually depend on the belief about how many others are entering the market, the belief about the own rank in a real effort task, and subjects' risk preferences. In this paper I am able to replicate these basic results and examine two further dimensions: (i)...
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