Showing 1 - 10 of 60
We present a Hotelling model of price and advertising competition between prescription drugs that differ in quality/side e¤ects. Advertising results in the endogenous formation of two consumer groups: brand loyal and non-brand loyal ones. We show that advertising strategies are strategic...
Persistent link: https://www.econbiz.de/10008680762
This paper analyzes the dynamic interaction between norms - internalized restraints on opportunistic behaviour - and institutions - restraints on such behaviour deriving from external enforcement. When individuals following a norm suffer pecuniary losses to doing so, the norm is eroded....
Persistent link: https://www.econbiz.de/10005791452
This paper examines the implications for health policy of recent demographic trends. It examines the remarkable succession of a 'baby boom' generation followed by a 'baby bust' generation in most Western countries. After reviewing the explanatory literature, and rejecting the likelihood of any...
Persistent link: https://www.econbiz.de/10005791919
Three main features characterize the international financial integration of China and India. First, while only having a … small global share of privately-held external assets and liabilities (with the exception of China’s FDI liabilities), these … “short equity, long debt.” Third, China and India have improved their net external positions over the last decade although …
Persistent link: https://www.econbiz.de/10005662395
The Great Leap Forward (GLF) disaster, characterized by a collapse of grain output, and the associated famine in China …
Persistent link: https://www.econbiz.de/10005789139
Using a unique firm level data set from the Chinese manufacturing sector, this paper analyses the impact of production subsidies on firms’ export performance. It documents robust evidence that production subsidies stimulate export activity, although this effect is conditional on firm...
Persistent link: https://www.econbiz.de/10005789202
development. Evidence from the failed Industrial Revolution in 14th-century China illustrates the empirical relevance of the …
Persistent link: https://www.econbiz.de/10005791375
In 1994, China began a profound reform of its state-owned enterprises (SOE). We first describe and characterize this …
Persistent link: https://www.econbiz.de/10005792177
federal centre. The theory is supported by the recent experience of Russia, China, and Argentina. …
Persistent link: https://www.econbiz.de/10005792438
How to sustain cooperation is a key challenge for any society. Different social organizations have evolved in the course of history to cope with this challenge by relying on different combinations of external (formal and informal) enforcement institutions and intrinsic motivation. Some societies...
Persistent link: https://www.econbiz.de/10008468568