increase with the intensity of competition. We develop a new measure of competition for which we use the proximity (in … departure time) of a given flight to its competitors to infer the intensity of competition and estimate the impact of … competition on advance purchase discounts (APDs) and the dynamic pricing of airlines by exploiting plausibly exogenous changes in …

We consider the efficiency of Cournot and Bertrand equilibria in a duopoly with substitutable goods where firms invest … in process R&D. Under Cournot competition firms always invest more in R&D than under Bertrand competition. More … importantly, Cournot competition yields lower prices than Bertrand competition when the R&D production process is efficient, when …

removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic … stability in this period, we are able to isolate the effects of bank competition from those of state implicit guarantees. We … states that retained state bank chartering policies. We argue that the fiercer bank competition following the introduction of …

Briefmarkt und Liberalisierung -- Netzzugang und Regulierung -- Netzzugang und Wettbewerb -- Netzzugang und Effizienz … ordnungspolitisch gerechtfertigt ist, ob es die Entwicklung von aktivem Wettbewerb fördert und wie es sich auf die Effizienz des …

Systems and contribute significantly to growth and employment. However, due to their lack of R&D activity, they are easily …

of winning and losing in a competition on the willingness to seek further challenges. Participants in a lab experiment … compete in two-person tournaments and are then informed of their score and the outcome of the competition. Conditional on the …

Competition and Efficiency in the Mexican Banking Industry contributes to the understanding of competition policy in … the Mexican banking system and explains how levels of competition relate to the efficiency of banks …

-binding price requests. Using a laboratory experiment, we examine how competition moderates the way such cheap-talk communication … affects trade between buyers and sellers. For bilateral trade, the literature has identified efficiency, anchoring, and … competition, although some of them become weaker. Our main findings are the following: (i) The ability of sellers to make non …