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dynamic oligopoly supply in which multi-product firms compete in prices and advertising budgets. We model the impact of …Restricting advertising is one way governments seek to reduce consumption of potentially harmful goods. There have been … increasing calls to apply a similar policy to the junk food market. The effect will depend on how brand advertising influences …
Persistent link: https://www.econbiz.de/10010760349
%. An elasticity below 1 is also a plausible implication of the hypothesis that innovation in pharmaceuticals is becoming …
Persistent link: https://www.econbiz.de/10009369352
Cross-country variability in regulatory frameworks, industrial policy, physician/pharmacy autonomy, brand/generic distinctions, and in the practice of medicine contributes to ambiguous interpretations of pharmaceutical cost comparisons. Here we report cross-country comparisons that: (i) focus on...
Persistent link: https://www.econbiz.de/10010823131
of oligopoly intermediation that reveals the mode of competition to be an equilibrium outcome that depends on the …
Persistent link: https://www.econbiz.de/10010740003
We provide a method allowing identification of margins in an oligopoly price competition game when prices may not be …
Persistent link: https://www.econbiz.de/10010760344
This article analyzes the effects of international trade policies on an imperfect competitive domestic market, taking into account not only consumers but also upstream and downstream firms. We first study the impact of a classic import tax decrease and we find that upstream firms are harmed and...
Persistent link: https://www.econbiz.de/10009651487
We develop a model in which two insurers and two health care providers compete for a fixed mass of policyholders. Insurers compete in premium and offer coverage against financial consequences of health risk. They have the possibility to sign agreements with providers to establish a health care...
Persistent link: https://www.econbiz.de/10008643939
This paper studies the design of health insurance with ex post moral hazard, when there is imperfect competition in the market for the medical product. Various scenarios, such as monopoly pricing, price negotiation or horizontal differentiation are considered. The insurance contract specifies...
Persistent link: https://www.econbiz.de/10011160741
This paper investigates the collective choice of production standards by farmer and pro- cessor groups within a vertical food supply chain, taking into account their competition behaviors. In a context in which raising standards cannot translate into a direct price premium to consumers, we...
Persistent link: https://www.econbiz.de/10011240613
While vertical integration is traditionally seen as a solution to the hold-up problem, this paper highlights instead that it can generate hold-up problems — for rivals. We first consider a successive duopoly where competition among suppliers eliminates any risk of hold-up; downstreamfirms thus...
Persistent link: https://www.econbiz.de/10011004742