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This paper empirically characterizes competitive behavior among charitable nonprofits where prices and output are difficult to observe. Using a model tailored to donative nonprofits and an empirical methodology that exploits cross-sectional variation in market size and various measurable...
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not this prediction of oligopoly theory carries over to competition among many producers. Our analysis uses observations …
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competition are all found to be important determinants of long-run firm values, firm turnover, and market structure. Estimates for …
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