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Price Regulation and Parallel Imports of Pharmaceuticals

Brekke, Kurt R. - 2015

This paper studies the effects of price regulation and parallel imports in the on-patent pharmaceutical market. In a … theory model where the producer price is subject to bargaining between the brand-name producer and a distributor, we show … that the effects of stricter price regulation crucially depend on whether the producer faces competition from parallel …

Persistent link: https://www.econbiz.de/10013017702

Pricing Internet Traffic : Exclusion, Signalling and Screening

Jullien, Bruno - 2014

We consider a network that intermediates traffic between free content providers and consumers. While consumers do not know the traffic cost when deciding on consumption, a content provider knows his cost but may not control the consumption. We study how pricing consumers' and content providers'...

Persistent link: https://www.econbiz.de/10013055385

Regulatory Risk Under Optimal Incentive Regulation

Strausz, Roland - 2009

The paper provides a tractable, analytical framework to study regulatory risk. Regulatory risk is captured by uncertainty about the policy variables in the regulator's objective function: weights attached to profits and costs of public funds. Results are as follows: 1) The regulator's reaction...

Persistent link: https://www.econbiz.de/10013160045

Yardstick Competition, Corruption, and Electoral Incentives

Van Long, Ngo - 2008

This paper investigates the relationship between electoral incentives, institutions and corruption. We assume that voters use a yardstick criterion. The incumbent provides a public good and extracts rent, which are financed by imposing a distortionary tax. We demonstrate the possibility that...

Persistent link: https://www.econbiz.de/10012771407

Fiscal Equalization and Yardstick Competition

Kotsogiannēs, Chrēstos - 2006

A multi-jurisdictional system is thought to improve, through yardstick competition, accountability. At the same time equalization programs, a common feature of multi-jurisdictional systems, are thought to be a prerequisite for both efficiency of the internal market and the equity objective of...

Persistent link: https://www.econbiz.de/10012778927

Tax Interaction Among Walloon Municipalities : Is there Room for Yardstick Competition, Intellectual Trend and Partisan Monopoly Effect?

Gérard, Marcel - 2012

Three sources of strategic tax interactions among local jurisdictions are usually considered in the literature: public expenditure spill-over, tax competition and yardstick competition. However, another source has now been suggested: the intellectual trend. According to that hypothesis,...

Persistent link: https://www.econbiz.de/10013096572

Incentive Regulation, Investments and Technological Change

Vogelsang, Ingo - 2021

Based on an idiosyncratic reading of the literature I propose intermediate (rather than tight or soft) regulation for … balancing investment incentives with allocative efficiency and competition objectives. Intermediate regulation is compatible … with incentive regulation and helps lengthening the regulatory commitment period necessary for incentives. However, such …

Persistent link: https://www.econbiz.de/10013316240

Green Tradable Certificates versus Feed-In Tariffs in the Promotion of Renewable Energy Shares

Requate, Tilman - 2015

The paper analyzes the relationship between CO2 mitigation policy and promotion policies designed to deploy renewable energy sources for electricity production (RES-E). If an emission cap is the only policy target, an optimal mix consisting of high and low carbon use of fossil fuels, deployment...

Persistent link: https://www.econbiz.de/10013030307

Should Income Inequality Be Praised? Multiple Public Goods Provision, Income Distribution and Social Welfare

Itaya, Jun-ichi - 2017

We investigate how income inequality affects social welfare in a model of voluntary contributions to multiple pure public goods. Itaya, de Meza, and Myles (1997) show that the maximization of social welfare precludes income equality in a single pure public good model. In contrast, we show that...

Persistent link: https://www.econbiz.de/10012965708

Market Access and Welfare : Is There a Conflict?

Raimondos, Pascalis - 2015

According to the literature, well known tariff reform rules that are guaranteed to increase welfare will not necessarily increase market access, while rules that are guaranteed to increase market access will not necessarily increase welfare. Such conflict between welfare and market access...

Persistent link: https://www.econbiz.de/10013030243