Narrow search
Showing 1 - 10 of 37
Cover Image
Competition in the Pharmaceutical Industry: How do Quality Differences Shape Advertising Strategies?
de Frutos, Maria-Angeles; Ornaghi, Carmine; Siotis, Georges - C.E.P.R. Discussion Papers - 2010
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 substitutes, with the better quality drugs being the ones that are most …
Persistent link: https://www.econbiz.de/10008680762
Cover Image
Strategy Dynamics through a Demand-Based Lens: The Evolution of Market Boundaries, Resource Rents and Competitive Positions
Adner, Ron; Zemsky, Peter - C.E.P.R. Discussion Papers - 2003
shows how the interplay between improving technologies and consumers' valuation of the resulting performance improvements …
Persistent link: https://www.econbiz.de/10005667045
Cover Image
A Tale of Two Platforms: Dealer Intermediation in the European Sovereign Bond Market
Dunne, Peter; Hau, Harald; Moore, Michael - C.E.P.R. Discussion Papers - 2008
Interdealer trading in the European sovereign bond market is characterized by low spreads and high liquidity. This paper examines whether the dealer-customer segment of the market also benefits from low spreads. Customers are smaller banks and buy-side financial institutions who request quotes...
Persistent link: https://www.econbiz.de/10005123656
Cover Image
Estimating the Border Effect: Some New Evidence
Gopinath, Gita; Gourinchas, Pierre-Olivier; Hsieh, Chang-Tai - C.E.P.R. Discussion Papers - 2009
To what extent do national borders and national currencies impose costs that segment markets across countries? To answer this question we use a dataset with product level retail prices and wholesale costs for a large grocery chain with stores in the U.S. and Canada. We develop a model of pricing...
Persistent link: https://www.econbiz.de/10005000445
Cover Image
Why do Pre-tax Car Prices Differ so Much Across European Countries?
Flam, Harry; Nordström, Håkan - C.E.P.R. Discussion Papers - 1995
The European car market is segmented by regulatory measures that support price discrimination by manufacturers and make consumer arbitrage difficult and costly. In a sample covering 43 models making up 80% of car sales in 11 countries in 1989-92, we find that the average standard deviation of...
Persistent link: https://www.econbiz.de/10005067533
Cover Image
On the Effects of Anti-dumping Legislation
Barros, Pedro Luis Pita; Martinez-Giralt, Xavier - C.E.P.R. Discussion Papers - 1997
-way trade to one-way trade. It is far from true that consumers will necessarily be favoured by such a policy switch. The …
Persistent link: https://www.econbiz.de/10005504678
Cover Image
Returns to Mobility in the Transition to a Market Economy
Boeri, Tito; Flinn, Christopher J - C.E.P.R. Discussion Papers - 1999
In spite of ongoing dramatic changes in labor market structure, transitional economies display rather low worker flows across sectors and occupations. Such low mobility can be explained by low returns to job changes as well as by market segmentation in the allocation of job offers. We develop an...
Persistent link: https://www.econbiz.de/10005114168
Cover Image
Bond Ratings Matter: Evidence from the Lehman Brothers Index Rating Redefinition
Chen, Zhihua; Lookman, Aziz; Schürhoff, Norman; Seppi, … - C.E.P.R. Discussion Papers - 2012
The 2005 inclusion of Fitch ratings in the Lehman composite index ratings provides a quasi-natural experiment to identify rating-based market segmentation in the corporate bond market. Split-rated bonds with favorable Fitch rating that were mechanically upgraded to investment-grade status...
Persistent link: https://www.econbiz.de/10011083426
Cover Image
Consumer Arbitrage Across a Porous Border
Chandra, Ambarish; Head, Keith; Tappata, Mariano - C.E.P.R. Discussion Papers - 2012
prevent consumers from fully arbitraging price differences, leading to partial segmentation. …
Persistent link: https://www.econbiz.de/10011083500
Cover Image
The Buyer Margins of Firms' Exports
Carballo, Jerónimo; Ottaviano, Gianmarco; Volpe … - C.E.P.R. Discussion Papers - 2013
alignment between consumers' ideal variants and firms' core competencies. This generates an additional channel through which …
Persistent link: https://www.econbiz.de/10011083871