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 …

We study how political factors shape competition in the mobile telecommunication sector. We show that the way a … government designs the rules of the game has an impact on concentration, competition, and prices. Pro-competition regulation … competition. Government intervention has large redistributive effects: U.S. consumers would gain $65bn a year if U.S. mobile …

assess the welfare implications of the ensuing competition for the market using analytical and numerical approaches to … compare the equilibria of a learning-by-doing model to the first-best planner solution. We show that dynamic competition leads …

competition is partly responsible for this phenomenon. We use a combination of natural experiments and instrumental variables to … establish a causal relationship between competition and investment. Within manufacturing, we show that industry leaders invest … and innovate more in response to exogenous changes in Chinese competition. Beyond manufacturing we show that excess entry …

insurance system that relies most heavily on the tools of regulated competition with more than 60% of its enrollees enrolled in … a private health plan in 2014. However, regulated competition in Medicaid differs from the typical model, emphasizing … competition and some potential consequences of this hybrid model …

This paper examines the effects of campaign spending limits on political competition and incumbency advantage. We study … discontinuous kink which we exploit for causal identification. We find that stricter limits increase political competition by …

of the individual insurance market, the Marketplaces invoke many of the principles of regulated competition including … the tools of regulated competition. We then discuss ways in which the Marketplace model deviates from the more …

We examine the impact of Chinese import competition on patenting, IT, R&D and TFP using a panel of up to half a million …-specific quotas following China's entry into the World Trade Organization. Chinese import competition had two effects: first, it led … account for around 15% of European technology upgrading between 2000-2007. Rising Chinese import competition also led to falls …