Although policymakers often discuss tradeoffs between bank competition and stability, past research provides differing … theoretical perspectives and empirical results on the impact of competition on risk. In this paper, we employ a new approach for … competition materially boosts bank risk. With respect to the mechanisms, we find that competition reduces bank profits, charter …

their general online attention patterns. This conclusion has important implications for competition and welfare in other …

in the United States, we specify a flexible model to capture competition between a plant in a state with carbon pricing …

straightforward empirical tests from a model of patient demand, procedure quality, and differentiated product competition. Using …

degree of competition in a market with the share of nonprofits: the availability of economic profits under for-profit status …

One of the most cherished propositions in economics is that market competition by and large raises consumer welfare …. But whether political competition has similarly virtuous consequences is far less discussed. This paper formulates a model … to explain why political competition may enhance economic performance and uses the United States as a testing ground for …

This paper investigates the relationship between product market competition (PMC) and innovation. A growth model is … developed in which competition may increase the incremental profit from innovating; on the other hand, competition may also … competition (PMC) and innovation is an inverted U-shape. Second, the equilibrium degree of technological neck-and-neckness' among …