We investigate monopolistic tendencies and the intensity of currency competition on the crypto market in the light of … Hayek’s "Denationalization of money". Interestingly, Hayek never considered differentiation and specialization by innovative … private currencies could lead lasting currency competition instead of network effects. We argue that competition between …

This paper analyses the institutional framework for pharmacies in Germany and competition in that sector, which is … characterized by significant competition deficits. Based on our diagnosis and findings the advantages and disadvantages of two …

-sharing, screening opportunities, and competition are important driving forces behind these new forms of work organization. We document … competition substantially fosters the trust strategy, reduces market segmentation, and leads to large welfare gains for both …

(Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if …