We study how societal culture shapes business activities and corporate behavior by leveraging data on the locations of … the firm’s exposure to Confucianism, the dominant culture in China over the last two thou- sand years, and is immune to … the subjectivity and selection problems of most culture measures. We find systematic differences in corporate behavior …

deviations in market structure from global competition, implicitly assumed in Dosi et al. (2017b). This extension makes it … possible to disentangle the effects of two modes of competition: the global competition for sales and the localised competition … intensive local competition. Our model also contests the conventional wisdom derived from a general equilibrium setting that …

Understanding the degree and evolution of competition across industries is an important step towards understanding the … impact of economic reform and competition on economic growth in Vietnam during the economic transition. In this paper, the … author investigates the evolution of competition in Vietnam during the economic transition using the price-cost margin (PCM …