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Identifying Industry Margins with Unobserved Price Constraints: Structural Estimation on Pharmaceuticals

Dubois, Pierre; Lasio, Laura - C.E.P.R. Discussion Papers - 2014

chosen in some markets, for example due to regulation. We use our identification strategy to study the effects of regulatory …-ulcer drugs that allows us to explore the drivers of demand, to identify whether regulation in France truly affects margins and … increased over the 2004-2007 period because of new regulation of price setting that reduced branded drugs prices but increased …

Persistent link: https://www.econbiz.de/10011083879

Sovereign Debt Restructuring: the Judge, the Vultures and Creditor Rights

Miller, Marcus; Thomas, Dania - C.E.P.R. Discussion Papers - 2006

What role did the US courts play in the Argentine debt swap of 2005? What are the implications for the future of creditor rights in sovereign bond markets? The judge in the Argentine case has, it appears, deftly exploited creditor heterogeneity – between holdouts seeking capital gains and...

Persistent link: https://www.econbiz.de/10005067444

Penalty Structures and Deterrence in a Two-Stage Model: Experimental Evidence

Anderson, Lisa R.; DeAngelo, Gregory; Emons, Winand; … - C.E.P.R. Discussion Papers - 2015

Increasing penalty structures for repeat offenses are ubiquitous in penal codes, despite little empirical or theoretical support. Multi-period models of criminal enforcement based on the standard economic approach of Becker (1968) generally find that the optimal penalty structure is either flat...

Persistent link: https://www.econbiz.de/10011272717

Conditional versus Contingent Fees

Emons, Winand - C.E.P.R. Discussion Papers - 2004

Under contingent fees the attorney gets a share of the judgement; under conditional fees the lawyer gets an upscale premium if the case is won which is, however, unrelated to the adjudicated amount. We compare conditional and contingent fees in a framework where lawyers are uninformed about the...

Persistent link: https://www.econbiz.de/10005114185

Playing it Safe with Low Conditional Fees versus Being Insured by High Contingent Fees

Emons, Winand - C.E.P.R. Discussion Papers - 2005

Under contingent fees the attorney gets a share of the judgement; under conditional fees they get an upscale premium if the case is won, which is, however, unrelated to the adjudicated amount. We compare conditional and contingent fees in a framework where lawyers choose between a safe and a...

Persistent link: https://www.econbiz.de/10005661624

The effect of audit regimes on applications for long-term care

Lindeboom, Maarten; van der Klaauw, Bas; Vriend, Sandra - C.E.P.R. Discussion Papers - 2015

This paper studies the effects of various audit regimes, differing in the degree of control and the presence of performance incentives, on behavior of care providers filing applications for providing long-term care services to patients. We present evidence from a large-scale field experiment in...

Persistent link: https://www.econbiz.de/10011272714

Mozart or Pelé? The effects of teenagers’ participation in music and sports

Cabane, Charlotte; Hille, Adrian; Lechner, Michael - C.E.P.R. Discussion Papers - 2015

Using data from the German Socio-Economic Panel, this paper analyses the effects of spending part of adolescents’ leisure time on playing music or doing sports, or both. We find that while playing music fosters educational outcomes compared to doing sports, particularly so for girls and...

Persistent link: https://www.econbiz.de/10011272715

Patient Mobility, Health Care Quality and Welfare

Brekke, Kurt Richard; Levaggi, Rosella; Siciliani, Luigi; … - C.E.P.R. Discussion Papers - 2011

Patient mobility is a key issue in the EU who recently passed a new law on patients' right to EU-wide provider choice. In this paper we use a Hotelling model with two regions that differ in technology to study the impact of patient mobility on health care quality, health care financing and...

Persistent link: https://www.econbiz.de/10009293984

Sinking, Swimming, or Learning to Swim in Medicare Part D

Ketcham, Jonathan D.; Lucarelli, Claudio; Miravete, … - C.E.P.R. Discussion Papers - 2011

Under Medicare Part D, senior citizens choose prescription drug insurance offred by numerous private insurers. We examine non-poor enrollees' actions in 2006 and 2007 using panel data. Our sample reduced overspending by $298 on average, with gains by 81% of them. The greatest improvements were...

Persistent link: https://www.econbiz.de/10009322981

The Impact of Competition on Management Quality: Evidence from Public Hospitals

Bloom, Nicholas; Propper, Carol; Seiler, Stephan; Van … - C.E.P.R. Discussion Papers - 2010

In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where geographic proximity is a key determinant of competition, and English public hospitals where political competition can be used to construct instrumental variables for market...

Persistent link: https://www.econbiz.de/10008468548

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