endogenous entry. At the first stage potential participants decide whether to enter competition, and at the second stage entrants …

has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to …

has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to …

We investigate a firm's pre-emptive behavior by comparing Cournot competition and Stackelberg games with one leader and … producer surplus in the industry. It is beneficial to consumer surplus in duopoly competition, but detrimental when there are …

design an experiment to examine the impact of competition and price transparency in such settings. Consistent with the … theoretical predictions, we find that competition promotes efficiency if bargainers cannot observe each other's price offers …. Contrary to the predictions, however, the efficiency-enhancing effect of competition persists even when offers are observable …

amongst mortgage lenders and adds the idea of lender competition into this framework. Despite this addition, the results are …. When lenders are rational and face potential competition, they are able to use the bidding process as a means of generating …

interpreted as the buyer choosing between diversification and competition benefits. Better information increases diversification … benefits and decreases competition benefits. Therefore, with better information the buyer is more inclined to diversify … information; for small revenue, the buyer uses the dual sourcing option for competition, the benefits of which decrease with …