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Our study puts special attention to the fact that R&D cooperations in the pharmaceutical industry are formed at different stages throughout the drug development process. We study if the timing to engage in R&D cooperations in the pharmaceutical industry has different impacts on the technology...
Persistent link: https://www.econbiz.de/10010328831
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
departure from Ramsey pricing are stated in terms of price regulation and insurance coverage. The resulting outcome is second …
Persistent link: https://www.econbiz.de/10012843430
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
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
We consider environmental regulation in a context where firms invest in abatement technology under conditions of …
Persistent link: https://www.econbiz.de/10010291668
Article underscores the dark side of both phenomena by focusing on the anti-competitive features of regulation and reform and …
Persistent link: https://www.econbiz.de/10010328811
Authorities often lack information for efficient regulation of the commons. This paper derives a criterion comparing …
Persistent link: https://www.econbiz.de/10010333431
Consider legal uncertainty as uncertainty about the legality of a specific action. In particular, suppose that the threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in opposite directions. The probability of conviction...
Persistent link: https://www.econbiz.de/10011584863
This paper studies theoretically and empirically competition in commodity taxation and product market regulation … taxes finance public goods, and product market regulation affects both the number of firms in the market and product … commodity taxation and product market regulation are interdependent policies. We find absence of strategic interaction in …
Persistent link: https://www.econbiz.de/10011615900