Neoclassical economists argue that competition promotes efficiency.They consider technology as given though.In the long … help entrepreneurs to capture the gains of R&D and hence to invest in it.We investigate the overall effect of competition … on performance. Performance is measured by TFP-growth.As a negative measure of competition we use rent.Rent is defined as …

Our objective is to assess personal income under perfect competition, when factors are rewarded according to their … productivities, and to contrast the ensuing distribution with the status quo.Competition will yield winners and losers, both in terms …

This paper compares the welfare effects of three ways in which health care can be organized: no competition (NC …), competition for the market (CfM) and competition on the market (CoM) where the payer offers the optimal contract to providers in …

.e., strategic ignorance of consumers tastes for the rival brand softens competition. …

This paper analyzes tax/subsidy competition and transfer pricing regulation between governments involved in trade …

How do banks react to increased competition?Recent banking theory offers conflicting predictions about the impact of … competition on bank orientation - i.e., the choice of relationship based versus transactional banking.We empirically investigate … the impact of interbank competition on bank branch orientation.We employ a unique data set containing detailed information …

Competition has been modelled in the literature in a number of ways.What do these different parametrizations of … competition have in common?For instance, it turns out that it is not always the case that a rise in competition reduces price cost … margins, industry wide profits or concentration.All parametrizations of competition, considered here, have two features in …