paper examines the role of market competition for this trend in corporate reorganization. We find that at intermediate … levels of competition the CEO of the corporation decides to have less power inside the firm and to delegate control to lower … when competition is not too tough and not too weak. The model predicts merger waves or waves of outsourcing when countries …

acquisition. We find that with quantity competition a spillover makes acquisitions less attractive, while with price competition …

overconfidence and overentry into competition. In a broader context, the results provide an explanation for the overconfidence of …

mutual competition. Their market shares are therefore governed by a Fisher-Pry law while the total unit sales are governed by …

derived from imperfect competition in markets for financial services is implied, which banks exercise vis-à-vis their loan and … deposit customers. In the past, bank regulation has often been blamed for undermining competition and the functioning of … industry, competition and regulation are deeply interrelated as most regulatory institutions, even if they do not explicitly …