Markets are ubiquitous in our daily life and, despite many imperfections, they are a great source of human welfare …. Nevertheless, there is a heated recent debate on whether markets erode social responsibility and moral behavior. In fact …, competitive pressure on markets may create strong incentives for unethical practices (like using child labor) to increase …

This paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces …

Market completeness has important implications for household behavior. I firmly reject complete markets for …

changes in competition in the United States. The sector offers workplace employee representation through trade union branches … Productivity (TFP) than incumbents. Increased competition from new entrants leads incumbents to reduce the price of union …. Those with higher TFP have higher survival probabilities. However, increased competition does not induce incumbents to raise …

Tournament incentives prevail in labor markets. Yet, the number of tournament winners is often unclear to competitors …. Men also increase their willingness to enter competition in the presence of ambiguity. Overall, both effects contribute to …

: competition, business environment, learning spillovers and human capital. Collectively, these drivers account for about a third of …

This paper studies if competition affects subsequent risk-taking behaviour by means of a laboratory experiment that … manipulates the degree of competitiveness of the environment under equivalent monetary incentives. We find that competition …