We present a methodology for analyzing the impact of algorithmic recommendations on product market competition, addressing concerns that have been raised in both academic and policy circles regarding their potential anti-competitive effects. Our analysis demonstrates that recommender systems...

We investigate the impact on employability when job candidates signal different personal tastes for competitions. In three experiments, with close to 3,000 participants in total, we show that non-competitive candidates risk being perceived as less productive, while those who signal a willingness...

PurposeThe authors examine the joint effect of the country-wide legal institutions and product market competition on stock crash risk in a large sample of international firms.Design/methodology/approachIn the study, the authors examine whether the country-level institutional factors affect...

We document robust industry return predictability through the lens of a competition network, connecting two industries that share a multi-industry market leader. Equity returns in an industry exhibit a delayed response to cross-industry effects due to investors' limited attention and constrained...

The issues related to proper assessments of the competitiveness of farming enterprises in general and of different type and locations has been among the most topical for academicians, agro-business managers, interest groups, administrators, politicians, international organizations, and the...

This paper establishes how the classical facts characterizing a failure of competition in credit card lending during the 1980s are largely reversed in the decades following. Between 1990 and 2008 lenders' mark-ups decreased by 35 percent, profits shrank by 32 percent relative the average in...

How can we close the gender gap in social entrepreneurship? Female-only competitions might be an answer. In two studies, we test the effectiveness of offering female-only competitions to increase women’s willingness to compete compared to men’s. For this purpose, we used real-effort tasks...

We investigate whether competition between the fund companies that offer mutual funds constrains individual fund fees. We document that over half of individual fund fee variation is explained by company-wide components. Moreover, we show using SEC prospectus download data that company-level...

The increasing awareness of corporate social responsibility (CSR) makes the investment in CSR activities a strategy to distinguish firms in a competitive environment. In practice, a greenwashing phenomenon is identified where a firm uses CSR investment as a marketing gimmick and only invests in...

This paper uses mutual fund manager data to examine how managers' performance incentives generated speculative demand during the 2020-2022 cryptocurrency boom and bust. We find that managers with strong relative performance incentives began investing in crypto after their competitors began...