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We examine how cross-country differences in product, capital, and labor market competition, and government efficiency affect the rate of mean reversion of corporate profitability. Using a sample of 42...
The article focuses on competition in the electronic home banking market. It states that the U.S. consumer payment systems is based heavily on paper checks and that the problem with electronic home ba...
This article discusses the importance of maintaining government policies to regulate the level of competition in Europe. It highlights the global financial crisis in September 2008 which occurred afte...
The failure of competition and the consequent high and sticky interest rates in credit card markets have recently been the subject of considerable debate and research. This paper presents the first re...
We document a link between U.S. credit supply and rising personal bankruptcy rates. We exploit the exogenous variation in market contestability brought on by banking deregulation—the relaxation of ent...
We study optimal behavior of energy producers under a CO_2 emission abatement program. We focus on a two-player discrete-time model where each producer is sequentially optimizing her emission and prod...
Institutional competition stirs the interest of economists following a certain cyclical pattern. In this context, it is very interesting to look back at the experience of Lenin and the Bolsheviks of a...

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