Relevant market definition is still a key element of economic analysis of competition in the gasoline market. It is particularly difficult to handle when competition is local and market power is geographically constrained like is the case in the gasoline market. We analyse how the application of...

In this paper, we develop a specific method to approach the competitive capabilities of regions for which there are not commercial and specialization indicators available. This method bases on the construction of composite indicators, using multivariate statistical methods, and was applied to...

Resilience is attracting increasing interest in the thinking and policy discourses around regional development. However, regional development policy remains dominated by a narrow discourse of competitiveness that appears to have negative implications for resilience and is subject to increasing...

We investigate private and social incentives for standardization to ensure market-wide system compatibility in a two-dimensional spatial competition model. We develop a new methodology to analyze competition on a torus and show that there is a fundamental conflict of interest between consumers...

This study examines the changing competitiveness of financial centres in mainland China and Hong Kong based on the geography of equity listing of mainland Chinese firms. Pre-listing firm characteristics are used to explore firms' motives for listing on a particular exchange and whether these...

This paper studies the links between competition in the lending market and spreads of bank loans in Brazil. Evidence from a dataset of more than 13 million loan-level observations from private banks shows a positive relationship between market power, measured by the Lerner index, and the cost of...

The Netherlands Authority for Consumers and Markets (ACM) has concluded that competition in the market for SME loans from banks is suboptimal, and has, in fact, decreased in the past few years. Only a limited number of banks is active in this market, there are high barriers to entry, and...

We revisit the relationships between competition and market outcomes in a Stackelberg oligopoly. Consider a differentiated oligopolistic market consisting of n leaders with different efficiencies and m followers. We show that the efficient leader's profit may increase with the number of...