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The paper studies competition for the market in a setting where incumbents (and, to a lesser extent, neighboring incumbents) benefit from a cost advantage. The paper first compares the outcome of staggered and synchronous tenders, before drawing the implications for market design. We find that...
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In this article we study the relation between the quality of contract enforcement and R&D investment across countries … theoretical idea we find in the empirical analysis that R&D investment increases with the quality of the judicial system. This …
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