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Though competition occupies a prominent place in the history of economic thought, among economists today there is still a limited, and sometimes contradictory,

Hunt convincingly demonstrates that competition is not about dividing up limited resources but about creating more resources and thus competition is pro-society

This paper studies the macroeconomic effect and underlying firm-level transmission channels of a reduction in business entry costs. We provide novel evidence on

American markets, once a model for the world, are giving up on competition. Thomas Philippon blames the unchecked efforts of corporate lobbyists. Instead of ear

The papers here range from description and analysis of how our political economy allocates its inventive effort, to studies of the decision making process in sp