We consider dynamic competition among platforms in a market with network externalities. A platform that dominated the … the focal platform whenever such equilibrium exists. Yet when faced with higher-quality competition, can a low …

We study the dynamics of competition in a model with network effects, an incumbent and entry. We propose a new way of …

After numerous attempts over more than a decade, the Philippine government finally enacted a comprehensive competition … law, the Philippine Competition Act (Republic Act 10667) in July 2015. Before this breakthrough legislation, competition … of the law is only the first step. Much needs to be done to establish a truly working competition policy, including …

Regulation and competition policy are two alternative modalities by which the state intervenes in the market. In order … those where competition policy works better (market power-based failures such as an artificial monopoly or cartel). We also … various industrial organizations (monopoly, duopoly, Walrasian limit) under the symmetric Cournot competition. We also deal …

We analyze the competition in bonus taxation when banks compensate their managers by means of fixed and incentive pay … maximize their private benefits of existing government bailout guarantees. In this setting the international competition in …

Traditional bank competition policy seeks to balance efficiency with incentives to take risk. The main tools are rules … seek to affect the degree of competition by focusing on market structure (i.e. concentration) may have limited effect. We … argue that bank competition policy should be reoriented to deal with the too-big-to-fail (TBTF) problem. It should also …