We develop a heterogeneous-firms model with trade in goods, labor mobility and credit constraints due to moral hazard … distribution of industrial activity becomes less likely. Hence, financial market development has opposite regional implications as … trade liberalization. While the former leads to more dispersion of economic activity across space, the latter tends to drive …

. First, we discuss to which extent competition can emerge in digital markets and show which forms it can take. In particular … competition in platform markets. Second, we analyse competition policy issues and discuss how rules designed for standard markets … can perform in two-sided markets. We show that multi-sided externalities create new opportunities for anti …

We experimentally examine the effects of price competition in markets for expe-rience goods where sellers can build up … reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed … (somewhere between the endogenous oligopoly and monopoly prices). While oligopolies benefit consumers regardless of whether …

We experimentally examine the effects of price competition in markets for experience goods where sellers can build up … reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed … (somewhere between the endogenous oligopoly and monopoly prices). While oligopolies benefit consumers regardless of whether …