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Grossman, Gene M. - 1989

We develop a two-country model of endogenous innovation and imitation in order to study the interactions between these two processes. Firms in the North race to bring out the next generation of a set of technology-intensive products. Each product potentially can be improved a countably infinite...

Persistent link: https://www.econbiz.de/10012475836

Does Cheap Talk Affect Market Outcomes? Evidence from eBay

Elfenbein, Daniel W. - 2018

We study the use of and response to cheap talk by firms and their consumers, focusing on unverifiable promises of charitable donations on eBay. For transactions during March 2005 - May 2006, cheap talk listings have lower sales probabilities but sell at higher prices when they are successful....

Persistent link: https://www.econbiz.de/10012453277

Pharmaceutical Industry, Drug Quality and Regulation : Evidence from US and Italy

Atella, Vincenzo - 2008

This paper examines the relationship between drug price and drug quality and how it varies across two of the most common regulatory regimes in the pharmaceutical market: minimum efficacy standards (MES) and a mix of minimum efficacy standards and price control mechanisms (MES+PC). Through a...

Persistent link: https://www.econbiz.de/10012464081

Randomized Regulation : The Impact of Minimum Quality Standards on Health Markets

Bedoya, Guadalupe; Das, Jishnu; Dolinger, Amy - National Bureau of Economic Research - 2023

We report results from the first randomization of a regulatory reform in the health sector. The reform established minimum quality standards for patient safety, an issue that has become increasingly salient following the Ebola and COVID-19 epidemics. In our experiment, all 1348 health facilities...

Persistent link: https://www.econbiz.de/10014287304

Quality Regulation and Competition : Evidence from Pharmaceutical Markets

Atal, Juan Pablo; Cuesta, José Ignacio; Sæthre, Morten - National Bureau of Economic Research - 2022

Quality regulation attempts to ensure quality and foster competition by reducing vertical differentiation, but it may … that stronger regulation decreased the number of drugs in the market by 21% and increased average paid prices by 13%. We … certification costs in shaping the equilibrium effects of quality regulation. We find that quality regulation increased demand for …

Persistent link: https://www.econbiz.de/10013361980

The Political Economy of "Truth-in-Advertising" Regulation During the Progressive Era

Hansen, Zeynep - 2006

This paper explores the origins and impact of "truth-in-advertising" regulation during the Progressive era. Was … advertising regulation adopted in response to rent-seeking on the part of firms who sought to limit the availability of … advertising as a competitive device? Or was advertising regulation desired because it furnished a mechanism through which firms …

Persistent link: https://www.econbiz.de/10012466744

Slippery Fish : Enforcing Regulation when Agents Learn and Adapt

Gonzalez Lira, Andres; Mobarak, Ahmed Mushfiq - National Bureau of Economic Research - 2021

Attempts to curb undesired behavior through regulation gets complicated when agents can adapt to circumvent enforcement …

Persistent link: https://www.econbiz.de/10012496164

Entry, Pricing and Product Design in an Initially Monopolized Market

Davis, Steven J. - 2001

We analyze entry, pricing and product design in a model with differentiated products. Under plausible conditions, entry into an initially monopolized market leads to higher prices for some, possibly all, consumers. Entry can induce a misallocation of goods to consumers, segment the market in a...

Persistent link: https://www.econbiz.de/10012470171

Policies for Green Design

Fullerton, Don - 1996

We analyze alternative policies such as a disposal content fee, a subsidy for recyclable designs, unit pricing of household disposal, a deposit-refund system, and a manufacturer `take-back' requirement. In order to identify the problem being addressed, we build a simple general equilibrium model...

Persistent link: https://www.econbiz.de/10012473254

Keeping it Fresh : Strategic Product Redesigns and Welfare

Blonigen, Bruce A. - 2013

Product redesigns happen across virtually all types of products. While there is substantial evidence that new varieties of goods increase welfare, there is little evidence on the effect of product redesigns. We develop a model of redesign and exit decisions in a dynamic oligopoly model (a la...

Persistent link: https://www.econbiz.de/10012459665

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