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Antidumping as strategic trade policy under asymmetric information
Matschke, Xenia; Schöttner, Anja - 2009
This paper investigates the domestic government's antidumping duty choice in an asymmetric information framework where the foreign firm's cost is observed by the domestic firm, but not by the government. To induce truthful revelation, the government can design a tariff schedule, contingent on...
Persistent link: https://www.econbiz.de/10010264549
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Dynamic Mergers Effects on R&D Investments and Drug Development Across Research Phases in the Pharmaceutical Industry
Siebert, Ralph - 2020
Pharmaceutical firms spend increasing amounts in mergers and acquisitions (M&As), which raises the question of whether sufficient investment is left after mergers to further develop firms' internal drug development capability. We evaluate the effects of M&As on firms' post-merger R&D investments...
Persistent link: https://www.econbiz.de/10012833741
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Pricing the Pharmaceuticals When the Ability to Pay Differs : Taking Vertical Equity Seriously
Kanniainen, Vesa - 2020
increasing in the second best world. As the optimal means-tested insurance, two alternative criteria for vertical equity are …
Persistent link: https://www.econbiz.de/10012843430
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Dynamic Effects of Licensing and Knowledge Transfer Across Research Stages : Evidence from the Pharmaceutical Industry
Tian, Zhili - 2020
In the pharmaceutical industry, firms frequently engage in licensing agreements to overcome innovation challenges and keep up with the pace of developing new drugs. Licensing helps firms jointly develop new drugs and acquire external knowledge, which helps improve their internal drug development...
Persistent link: https://www.econbiz.de/10012832198
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The Effect of Bargaining Power Determinants on Pharmaceutical Prices
Linde, Sebastian - 2020
This paper provides insights into the determinants of bargaining power and how they affect drug prices. Our data show that drug prices vary across buyers and time periods. We estimate a structural bargaining model where drug suppliers and buyers engage in bilateral bargaining over drug prices....
Persistent link: https://www.econbiz.de/10012845687
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Outsourcing, public Input provision and policy cooperation
Aronsson, Thomas; Koskela, Erkki - 2009
This paper concerns public input provision as an instrument for redistribution under international outsourcing by using … the provision of public input goods in response to international outsourcing, and (ii) whether international outsourcing … justifies policy cooperation. If the public input good is substitutable for (complementary with) outsourcing in terms of the …
Persistent link: https://www.econbiz.de/10010274384
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Corporate Acquisitions and Firm-Level Uncertainty : Domestic versus Cross-Border Deals
Bai, Ye - 2020
-level uncertainty is characterized by a pecking order: the announcement of a domestic takeover leads to a reduction in the uncertainty …
Persistent link: https://www.econbiz.de/10012841927
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The Effect of Mergers on Variety in Grocery Retailing
Argentesi, Elena; Cervone, Roberto; Duso, Tomaso; … - 2021
We study the effect of a merger between two Dutch supermarket chains to assess its effect on the depth as well as composition of assortment. We adopt a difference-in-differences strategy that exploits local variation in the merger’s effects, controlling for selection on observables through a...
Persistent link: https://www.econbiz.de/10013222202
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Distressed Acquisitions : Evidence from European Emerging Markets
Iwasaki, Ichiro; Kočenda, Evžen; Shida, Yoshisada - 2021
We analyze factors behind 23,213 distressed acquisitions in European emerging markets from 2007–2019. Besides the impact of financial ratios, legal form, ownership structure, firm size, and age, we emphasize the role of institutions and channels of their propagation. We show that the quality...
Persistent link: https://www.econbiz.de/10013231968
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Multiproduct Mergers and the Product Mix in Domestic and Foreign Markets
Chan, Jackie M.L; Irlacher, Michael; Koch, Michael - 2022
This paper investigates the effects of mergers on the product mix of multiproduct firms. Thus, we open the black box of post-merger efficiency improvements to reveal a new margin of adjustment along the product dimension. We analyze horizontal mergers in a theoretical model where oligopolistic...
Persistent link: https://www.econbiz.de/10013290783