Many studies have attempted to investigate the determinants and implications of competition
in the banking industry. The literature on the measurement of competition can be divided …

Overexploitation of renewable resources today has a high cost on the welfare of future
generations,,,,. Unlike in other public goods games,,,, however, future generations cannot …

This article introduces a new way to measure competition based on firms' profits. Within a
general model, we derive conditions under which this measure is monotone in competition …

Entrusting the power to punish to a central authority is a hallmark of civilization, yet informal
or horizontal sanctions have attracted more attention of late. We study experimentally a …

The burgeoning literature on the use of sanctions to support the provision of public goods
has largely neglected the use of formal or centralized sanctions. We let subjects playing a …

We introduce a new measure of competition: the elasticity of a firm's profits with respect to its
cost level. A higher value of this profit elasticity (PE) signals more intense competition. Using …

We study a fundamental conflict in economic decision-making, the trade-off between
equality, equity and incentives, in a new experimental game that nests a voluntary …

Background: The banking sector plays an important role in economic activity: it mobilises
savings and channels them to productive sectors thus encouraging the efficient allocation of …

Two types of agents interact on a pre‐existing free platform. Agents value positively the
presence of agents of the other type but may value negatively the presence of agents of their …

In 1934 Springer published a book by Heinrich von Stackelberg,“Market and Equilibrium”,
which contained pathbreaking studies on oligopolistic markets. In particular, it analyzed the …