One of the most cherished propositions in economics is that market competition by and large raises consumer welfare …. But whether political competition has similarly virtuous consequences is far less discussed. This paper formulates a model … to explain why political competition may enhance economic performance and uses the United States as a testing ground for …

One of the most cherished propositions in economics is that market competition by and large raises consumer welfare …. But whether political competition has similarly virtuous consequences is far less discussed. This paper formulates a model … to explain why political competition may enhance economic performance and uses the United States as a testing ground for …

two hypotheses. First, does hit-andrun competition secure efficiency in an industry? Second, do innovative startups lead … either mayflies or longdistance runners. -- Entry and exit ; growth ; hit-and-run competition ; innovation ; dynamic panel …

antitrust and competition policy. The relationship between the intensity of competition in an economy and its long-run growth is … some sectors more competition leads to more innovation and accelerates productivity growth. To complement those findings … various measures having to do with intensity of domestic competition - beyond the effects of trade liberalization. Their …