How do government policies and business practices affect the degree of competition in a given market? How does competition, in turn, affect market outcomes, such as prices, innovation and access to services? With funding from the UK Department for International Development, ODI has compared economic performance in four product markets – sugar, cement, beer and mobile phone services – across Ban...

Based at the Harvard Business School, the Institute for Strategy and Competitiveness is dedicated to the study of competition and its implications for company strategy; the competitiveness of nations, regions, and cities; and the relationship between competition and society. The Institute seeks to develop new theory, assemble bodies of data to test and apply the theory, and disseminate its idea...

This paper investigates the economic implications of storage behavior under imperfect competition. It evaluates the economic dynamics implied by a storage firm under alternative market structures. This includes perfect competition as well as imperfect competition under Cournot behavior. The conceptual analysis is used to specify and estimate a model of storage behavior, with an econometric appl...

Deregulation policy has caused some changes in the concepts of power system reliability assessment. This paper deals with generation reliability evaluation in perfect competition power market using market economic concepts and its dynamic. Also, because of power markets and generators’ forced outages stochastic behavior, Monte Carlo Simulation (MCS) is used in this research. Generation reliabil...

D uring the past few decades, national security plays a central role in the process of economic development. Also, foreign investment and trade have rapidly increased worldwide and have enhanced economic growth in developing countries. Although foreign investment and trade bring huge economic benefits, many developing countries fear that by opening up markets to competition and forei...

Increasing localisation represents one of the most spectacular processes of the economies that develop and transform as a result of globalisation processes: while the (relative) importance of national economies is decreasing, the economic role of regions and cities seems to grow. Global competition has intensified also in space, especially with the growing importance of the knowledge-based econ...

A recent study of the foraging gene in Drosophila illustrates a long-standing economic maxim that competition favors rare strategies. Two foraging alleles, rovers and sitters, each have higher fitness when rare--but only when competition is strong.

Without discussing the positive and some negative effects of economic globalization, an increasing number of researchers, scholars, consultants, policy makers added to the concept of ‘globalization’ the qualification of ‘sustainable’. We can define the economic sustainability as the growth of richness and its distribution that enable a larger and larger part of the world population satisfy and ...

This paper investigates the hypothesis that the objective function of economic agents is non-separable in economic incentives and social preferences. We study fixed-prize contests in a 2 × 2 experimental design, varying orthogonally the degree of competition of the incentive mechanism (all-pay auction vs. lottery) and the presence or absence of social returns to bidding (public good vs. rent se...

Tax competition among states and jurisdictions has already been examined many times in the economic literature. However, the main scope of the research was focused on a tax rates competition in income taxes and its consequences in bringing direct investments. This scripture/commentary tries to analyze various instruments and beneficiaries of the tax system competition and provide a general over...