Focusing on homogeneous beliefs, we can distinguish two commonly shared ideas that, i) the competition between informed … market, i) the informativeness of prices increases with the degree of competition and, ii) the aggregate and individual …

. The results of our analysis are linked with a number of interesting implications for the competition authorities. First …

in it during 1990s and 2000s.The focus of the paper is in analysing the effects of the increasing competition on … performance of universities. For this purpose, I develop a theoretical model, moving from the framework of Yardstick Competition … (YC), to describe the functioning of a competition model based on comparing performances of institutions. Then, I apply …

this paper, we take a close look at competition among the generic entrants during the first three years after patent … expiration and examine whether there is a first mover advantage. We specify a random effect nested logit model of competition … that allows for competition between the brand drug and generics, and among multiple generic drugs. The model accommodates …

airlines, we find that when facing more LCC competition, major airlines are more likely to rely on wholly owned subsidiaries …