Abstract I examine whether competition from domestic industry rivals affects firms’ proclivity to undertake foreign direct investment (FDI) and their country location choices. find that production decisions the geography of international investments. While firms enduring stiffer are significantly less likely FDI, this effect is heterogeneous across firms. Competition deters FDI more strongly wh...

This study examines the impact of product market competition on a firm’s investment in organization capital using sample Korean, listed firms during 2001–2020. As high provides with incentives to build competitive advantages and increase productivity, we hypothesize that increases drive invest capital. We found positive relationship between also such is more pronounced for high-tech industry fi...

Abstract While economic theories indicate that market power by downstream firms can potentially counteract upstream, antitrust policy is opaque as to whether incorporate countervailing in merger analyses. We use detailed national claims data from the health care sector evaluate insurer does indeed limit hospitals' exercise of power. estimate willingness-to-pay models hospital across analysis ar...

Abstract This paper investigates efficiency and freedom as joint foundations of market economies. Whereas ideal perfect competition accommodates Mill’s principle individual liberty in the economic arena, real world, imperfectly competitive, markets appear often conflicting values. Building on J. S. utilitarian defense free trade On Liberty Chapter V, this puts forward a consequentialist under i...