The aim of this article is to analyze 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 Price Controls (PC). We develop a model of adverse selection where a...

This paper investigates the impact of the public smoking ban which came into eff ect in Italy on January 2005 on individual smoking behaviour. Current empirical evidence supports the existence of a negative eff ect of the Italian ban on smoking prevalence and consumption in the general...