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Does pharmaceutical price regulation affect the adoption of generic competition?: evidence from the OECD, 1999-2008
Costa-i-Font, Joan; Varol, Nebibe; McGuire, Alistair - London School of Economics (LSE) - 2011
Generic competition in the pharmaceutical market is an effective cost-containment mechanism that improves static efficiency and stimulates pharmaceutical innovation. There is no prior study that has empirically analysed the relative delays in adoption of generic competition. This paper aims to...
Persistent link: https://www.econbiz.de/10010745148
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Does planning regulation protect independent retailers?
Sadun, Raffaella - London School of Economics (LSE) - 2008
nature of local political control in the UK from 1993 to 2003. Since local politicians directly control planning regulation … independent retailers between 1998 and 2004 can be attributed to the perverse effect of planning regulation. …
Persistent link: https://www.econbiz.de/10010746338
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Testing the "waterbed" effect in mobile telephony
Genakos, Christos; Valletti, Tommaso - London School of Economics (LSE) - 2007
This paper examines the impact of regulatory intervention to cut termination rates of calls from fixed lines to mobile phones. Under quite general conditions of competition, theory suggests that lower termination charges will result in higher prices for mobile subscribers, a phenomenon known as...
Persistent link: https://www.econbiz.de/10011071382
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A theory of supervision with endogenous transaction costs
Faure-Grimaud, Antoine; Laffont, Jean-Jacques; … - London School of Economics (LSE) - 1998
We propose a theory of supervision with endogenous transaction costs. A principal delegates part of his authority to a supervisor who can acquire soft information about an agent's productivity. If the supervisor were risk-neutral, the principal would simply make the better informed supervisor...
Persistent link: https://www.econbiz.de/10010928775
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Evaluating the effects of planning policies on the retail sector: or do town centre first policies deliver the goods?
Cheshire, Paul; Hilber, Christian A. L.; Kaplanis, Ioannis - London School of Economics (LSE) - 2011
Few studies conceive of land as a productive factor but British land use policies may lower total factor productivity (TFP) in the retailing industry by (i) restricting the total availability of land for retail, thereby increasing space costs (ii) directly limiting store size and (iii)...
Persistent link: https://www.econbiz.de/10010746359
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Is medicines parallel trade ‘regulatory arbitrage’?
Costa-i-Font, Joan - London School of Economics (LSE) - 2015
regulation, and not by price differences in line with the hypothesis of ‘regulatory arbitrage’. …
Persistent link: https://www.econbiz.de/10011171762
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Reforming securities and derivatives trading in the EU: from EMIR to MiFIR
Ferrarini, Guido; Saguato, Paolo - London School of Economics (LSE) - 2013
The financial crisis has generated a deep revision of the regulation of securities and derivatives markets. In this … paper, we critically examine the extent to which current reforms, such as the European Market Infrastructure Regulation and … the proposed new Markets in Financial Instruments Directive and Regulation, will expand "public" securities and …
Persistent link: https://www.econbiz.de/10011126127
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Evaluating the impact of Sunday trading deregulation
Danchev, Svetoslav; Genakos, Christos - London School of Economics (LSE) - 2015
During the past few decades a number of European countries lifted the regulations that restricted the opening hours of shops on Sunday. In this paper we examine the impact of Sunday trade deregulation on employment, expenditure, prices and market structure using a difference-in-difference...
Persistent link: https://www.econbiz.de/10011198537
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Efficiency rents of storage plants in peak-load pricing, ii: hydroelectricity
Horsley, Anthony; Wrobel, Andrew J. - London School of Economics (LSE) - 1999
Duality methods of linear and convex programming are applied to impute definite marginal values to the fixed inputs of a hydroelectric plant from the operating profit. Our earlier analysis of pumped storage (of energy and other cyclically priced goods) is thus extended to valuation of an...
Persistent link: https://www.econbiz.de/10010928665
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Integrated estimates of capital stocks and services for the United Kingdom: 1950-2013
Oulton, Nicholas; Wallis, Gavin - London School of Economics (LSE) - 2015
This paper presents annual estimates of fixed capital stocks and capital services for the United Kingdom, 1950-2013, for the whole economy and for the market sector. Our estimates cover eight asset types (structures, machinery, vehicles, computers, purchased software, own-account software,...
Persistent link: https://www.econbiz.de/10011266090