quality and prices, which mitigates problems of asymmetric information. The entry of firms is facilitated, competition and …

tighter in booms, slack increases in booms, because the power of in-house competition is reduced, while the opposite is true …

substitutability of market competition and private ownership in increasing firm efficiency. We analyse a simple Cournot model that … competition, and thus that competition only among state-owned enterprises may be ineffectual in stimulating them to increase …

This paper studies product market competition under a strategic transparency decision. Dominant investors can influence …

general business environment and a range of measures of the intensity of competition as perceived by a firm. We find that … competition has an important and non-monotonic effect on the growth of sales and of labour productivity: some degree of perceived … market power is associated with higher sales growth, but competitive pressure is also important. Similar competition effects …

We analyze the impact of product market competition on unemployment and wages, and how this depends on labour market … competition. We find that increased product market competition reduces unemployment, and that it does so more in countries with …. We also find that the effect of increased competition on real wages is beneficial to workers, but less so when they have …