The model of perfect competition is one of the most famous, most important, and most misunderstood concepts in … economics. Rather than aiming to be a full-blown model of real-world competitive markets, the perfect competition model isolates … only feature of market competition, but it plays a central role regarding to its virtues, and understanding the working …

classification of firms by human- and financial-capital intensiveness, or entry barriers, we find, is useful for explaining racial …

adverse effects on competition, while the liberalization of these restrictions have led to a more competitive banking sector …

competitors. An alliance may be preferable because partner firms jointly realize learning curve or network effects and, in some … instances, because entry of another firm may be blocked. On the other hand competition between the alliance partners will be … intensified. It is shown that the alliance solution will be chosen for medium values of learning curve or network effects. In …

in effectively the same fashion that taxes on labor income or consumption do. In particular, if product market …