employees and finally engage in imperfect product market competition. Equilibria with and without training, and multiple … equilibria can emerge. If competition is sufficiently soft and trained workers are substitutes, firms may invest in non …

Competition is ubiquitous in economic life. Yet, negative consequences of competitive environments have been reported … subjectively perceived stress and the physiological changes induced by a well-established economic laboratory competition paradigm … active coping style were related to the self-selection into competition in the third round of the game. We speculate that …