market economies. The primary focus of the study is on competition and market structure, finance and the structure of lending … interpretation of the evidence on competition is that there is an initial move by firms into niches to exploit local market power …

accumulation the leader's R&D effort increases with the gap as she is trying to avoid competition in the future. When firms gain … causes an equilibrium where the incentives to innovate are highest when competition is most intense. …

, the leader's R&D effort increases with the gap as she is trying to avoid competition in the future. When firms gain … causes an equilibrium where the incentives to innovate are highest when competition is most intense. …

competition are all found to be important determinants of long-run firm values, firm turnover, and market structure. Estimates for …

surplus-sharing and product differentiation, it is chosen by the second mover to avoid Bertrand competition. The equilibrium …

derived from imperfect competition in markets for financial services is implied, which banks exercise vis-à-vis their loan and … deposit customers. In the past, bank regulation has often been blamed for undermining competition and the functioning of … industry, competition and regulation are deeply interrelated as most regulatory institutions, even if they do not explicitly …