Why ‘Meaningful Competition’ is not fair competition

Why is Productivity Correlated with Competition?∗

The correlation between productivity and competition is an oft–observed but ill– understood result. Some suggest that there is a treatment effect of competition on measured productivity, e.g. through a reduction of “managerial slack.” Others argue that greater competition makes unproductive establishments exit by reallocating demand to their productive rivals, raising observed average productiv...

Membrane Research in a Global Context Requires Collaboration, not Competition!

Why Nearshore Drives Competition

As the outsourcing and offshoring phenomena have matured, the marketplace has sought increased differentiation on the basis of location through a range of ‘shoring’ and ‘sourcing’ terms. “Rural-sourcing,” “two-shoring,” “best-shoring,” and at least a dozen other expressions have emerged. Prominent among these is “nearshore,” which appeared in the software/IT field first in an article about an e...

Why Online Retail Competition Does Not Always Benefit Consumers

Empirical studies to date have delivered mixed conclusions on the question of whether the widely acclaimed assertions of lower electronic retail (e-tail) prices are indeed true, and to what extent these benefits are able to transcend the virtual world by impacting retail prices. One explanation for the mixed conclusions is that they provide only a discrete snapshot of a limited segment of the m...

Choosing fair lotteries to defeat the competition

We study the following game: each agent i chooses a lottery over nonnegative numbers whose expectation is equal to his budget bi. The agent with the highest realized outcome wins (and agents only care about winning). This game is motivated by various real-world settings where agents each choose a gamble and the primary goal is to come out ahead. Such settings include patent races, stock market ...