innovation is more skill intensive than production. Greater import competition increases innovation incentives, and thereby the … differentiation is endogenously determined by firms' strategic investments in product innovation. Consumers seek variety and product … entails a potential trade-off between production and variety. The import competition effect highlighted by the model, which …

Using a spatial competition framework with three ex ante identical firms, we study the effects of a horizontal merger … and prices. Overall, a merger leads to higher average prices and quality in the market. The welfare implications of a … merger are not clear-cut. If the demand responsiveness to quality is sufficiently high, some consumers benefit from the …

We analyse the effect of competition on quality in hospital market with regulated prices, considering both the effect … of free patient choice (monopoly versus competition) and increased competition through lower transportation costs …

We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public … minimum level in steady state, implying that quality competition is effectively eliminated. In this case, static models tend … to exaggerate the positive effect of competition on quality. Our results can explain the mixed empirical evidence on …

This paper studies the impact of hospital competition on waiting times. We use a Salop-type model, with hospitals that … competition leads to longer waiting times in equilibrium if the competitive segment is sufficiently large. Given a policy regime … of hospital competition, the effect of incresed competition depends on the parameter of measurement: Lower travelling …