This paper addresses two puzzles related to industrial dynamics and competition. The first of these puzzles is that a … globalization affects competition and distinguish forces that foster concentration and forces that are conducive for market …

This paper concerns the operation of competition in the presence of a high rate of innovation and increasing returns …. Given free competition there is likely to exist, in this case, a tendency towards what may be called ‘dynamic equilibrium … this investment yields only a normal return. Thus, competition, increasing returns and innovation may co-exist. …

taking social preferences into account, it is not possible to understand adequately (i) the effects of competition on market …

often varies between individual firms. We show that these differences can be the result of labor market competition if … intuition, labor market competition does not destroy but may indeed foster within-firm cooperation. …

The first part of this paper provides a systematic discussion of the structural problems of competition on financial … competition are concentration, entry barriers, lack of transparency, product complexity, switching and search costs, financial … possible policy reactions. The second part of the paper investigates ways to measure competition and provides empirical figures …