When competing firms possess overlapping sets of investors, maximizing shareholder value may provide incentives that distort competitive behavior, affecting pricing, entry, contracting, and virtually
Adverse selection is a classic market failure known to limit or unravel' trade in high-quality insurance and many other economic settings. While the standard theory emphasizes quality distortions, we
This paper provides new evidence on three key measures of dynamism among market leaders – entrenchment, rank persistence, and market share instability – for 15 European countries between 2000 and 2019
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