aggregate but changes their content; ii) tends to raise income and wealth inequality; iii) has ambiguous effects on competition …

aggregate but changes their content; ii) tends to raise income and wealth inequality; iii) has ambiguous effects on competition …

on competition, and therefore on business dynamism, productivity and ultimately well-being. A recent update of the OECD …. Regulatory reform can improve consumer welfare by boosting competition and thus lowering prices of key goods and services, which … competition will also allow higher wages. Reducing barriers to entry can facilitate firm creation, boosting investment and jobs. …

institutional framework, competition within markets is mainly characterized by peaceful and conflict-free rivalry between actors … that leads to an optimal allocation of resources. In such a setting, competition may be described as a "record-type" game …. This view, however, ignores the possibility that competition itself may very well trigger conflict rather than having an …

We study empirically how competition among high-frequency traders (HFTs) affects their trading behavior and market …-frequency competition, and contains an exogenous event - a tick size reform - which we use to disentangle the effects of the rising share of … high-frequency trading in the market from the effects of high-frequency competition. We find that when HFTs compete, their …