once they are affiliated with a card network. We show that this asymmetry is sufficient to induce the card association to … qualitative results are robust to imperfect issuer competition, imperfect acquirer competition, and to other factors affecting …

once they are affiliated with a card network. We show that this asymmetry is sufficient to induce the card association to … qualitative results are robust to imperfect issuer competition, imperfect acquirer competition, and to other factors affecting …

countries, we find that: (i) competition-enhancing regulation is associated with a higher rate of firm churning; (ii) business … productivity can be enhanced by product market policies which, by increasing competition and efficiency, facilitate higher rates of … firms' entry and exit (i.e., firm churning). Drawing on annual country-sector data for the period 2000-2014 across the EU …

This paper analyzes cooperation between sovereign national authorities in the supervision and regulation of a … multinational bank. We take a political economy approach to regulation and assume that supervisors maximize the welfare of their own … the countries are perfectly aligned, Þrst best closure regulation cannot be implemented; (2) the more aligned the …

procyclicality of competitive pressures. We test these predictions for Italian firms participating in the 2014 Wage Dynamics Network …