This paper analyzes a competition game between two universities that teach and research in the same juridiction. The resulting equilibrium is unique and symmetric but differs according to preferences, technologies and public policy. The bydget for university finance is exogenously givenand...

Government firms and authorities often sell services in the free market via affiliated consulting firms (CFs). In this study, I analyze whether these agents have an unfair competitive edge compared to private CFs. The theoretical analysis shows that private and state-owned CFs operate under...

New information and communication technology (ICT) makes consumers better informed about available products, product quality and prices, which mitigates problems of asymmetric information. The entry of firms is facilitated, competition and economic effiency is boosted and the market powers of...

I uncover a new force towards increasing dominance. The new effect results from the strategic choice of covariance in races. I assume that players must choose not the amount of resources to spend but how to allocate those resources. I show that the laggard has an incentive to chose a different...

This paper discusses how ICT and emerging electronic commerce in consumer products influence the relative efficiency in production of households and firms, resulting in changes in the division of tasks between these two types of agents.

In this paper we analyse the impact of product market competition and ownership structure on corporate performance. We focus on the firms listed on the Warsaw Stock Exchange, which are either privatised or newly created firms. First, we study the separate effects of competition and ownership...

We consider a multi-stage game where firms first choose product quality and then compete for sales in the product market. We show how the equilibrium qualities depend on the timing of quality choices and on the form of competition at the sale stages. If the product market is characterized by...

This paper provides a model of hospital competition to explain the "medical arms race", i.e. the tendency of hospitals to over-invest in specialized services. The model examines how hospitals gain an edge ("prestige effect") by adopting a larger complement of services than their rivals. In a...