competition and aggregate innovation. We consider a two-stage game with a deterministic Research and Development (R&D) process … outputs simultaneously. We show that the inverted-U relationship between competition and aggregate innovation occurs if … competition is affected by the number of technology followers. However, the presence of more technology leaders decreases …

We examine how competition in international markets affects a union's choice of wage regime which can be either uniform … or discriminatory. Firms are heterogenous with regard to international competition. When unions choose their wage regimes … sequentially, a discriminatory outcome becomes more likely when international competition increases. However, for intermediate …

We model the impact of bank mergers on loan competition, banks' reserve holdings and aggregate liquidity. Banks compete …

competition. We find that leverage has strategic effects, but those effects are much weaker than predicted by theory. Specifically … effects on product market competition. We test their model in a duopoly experiment under both, Bertrand and Cournot …, we find for price competition a general tendency towards collusion, which has the same overall consequences - but …

We show that competing firms relax overall competition by lowering future barriers to entry. We illustrate our findings …-period profits. This dampens competition for serving the first-period market. …