Markets are ubiquitous in our daily life and, despite many imperfections, they are a great source of human welfare …. Nevertheless, there is a heated recent debate on whether markets erode social responsibility and moral behavior. In fact …, competitive pressure on markets may create strong incentives for unethical practices (like using child labor) to increase …

findings suggest that more competition may erode incentives for high-quality services in markets where sellers' performances …I show how changes in competition affect the power of reputation to induce sellers to exert effort. The impact of … competition on sellers' incentives is theoretically ambiguous. More com-petition disciplines sellers, but, at the same time, it …

suggest that more competition may erode incentives for high-quality services in markets where sellers' performances depend on …I show how changes in competition affect the power of reputation to induce sellers to exert effort. The impact of … competition on sellers' incentives is theoretically ambiguous. More competition disciplines sellers, but, at the same time, it …