Does Product Market Competition Cause Capital Constraints?

Does Product Market Competition Cause Capital Constraints?

At the very center of Schumpeter’s (1934, 1942) notion of creative destruction is firms’ access to bank capital, which helps to fund the innovation in competitive product markets that drives out less productive firms in favor of those with more profitable ideas. However, competition is...
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Can Public Enforcement of Competition Policy Increase Distortions in the Economy?

Authors: Vasiliki Bageri, University of Athens, Yannis Katsoulacos, Univeristy of Athens,  and Giancarlo Spagnolo, SITE. Competition law has recently been introduced in a large number of developed and emerging economies. Most of these countries adopted the common practice of basing antitrust fines on affected commerce...
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