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Private versus Social Incentives for Pharmaceutical Innovation
Gonzalez, Paula - 2016
We provide a theoretical framework to contribute to the current debate regarding the tendency of pharmaceutical companies to direct their R&D toward marketing products that are “follow-on” drugs of already existing drugs, rather than toward the development of breakthrough drugs. We construct...
Persistent link: https://www.econbiz.de/10013000227
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A Market for Connections
Miettinen, Topi - 2012
Government or company decisions on whom to hire are mostly delegated to politicians, public sector officials or human resources and procurement managers. Due to anti-corruption laws, agents cannot sell contracts or positions that they are delegated to decide upon. Even if bribing is ruled out,...
Persistent link: https://www.econbiz.de/10013106547
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Selling Strategic Information in Digital Competitive Markets
Bounie, David - 2018
This paper investigates the strategies of a data broker in selling information to one or to two competing firms that can price-discriminate consumers. The data broker can strategically choose any segment of the consumer demand (information structure) to sell to firms that implement third-degree...
Persistent link: https://www.econbiz.de/10012914903
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Mergers and Partial Ownership
Foros, Øystein - 2010
In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find that partial ownership arrangements can be more profitable for the acquiring and acquired firm because they can result in a greater dampening of competition. We also derive...
Persistent link: https://www.econbiz.de/10013148773
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What Explains Germany's Rebounding Export Market Share?
Danninger, Stephan; Joutz, Frederick - 2021
Germany's export market share increased since 2000, while most industrial countries experienced declines. This study …-shoring). An export model is estimated covering the period 1993-2005. The dominant factor explaining the increase in market share …
Persistent link: https://www.econbiz.de/10013317155
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Pay What You Want as a Marketing Strategy in Monopolistic and Competitive Markets
Schmidt, Klaus M. - 2014
customers, to fully penetrate a market without giving away the product for free, and to undercut competitors that use posted … seller competes with a traditional seller. Finally, we endogenize the market structure and let sellers choose their pricing … in the market can explain why and how much buyers pay voluntarily to a PWYW seller. We find that PWYW can be viable on a …
Persistent link: https://www.econbiz.de/10013043182
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A Simple Model of Health Insurance Competition
Kemnitz, Alexander - 2010
This paper investigates competition between health insurance companies under different financing regulations. We consider two alternatives advanced in recent German health care reform discussions: competition by contribution rates (health contributions) and by fees (health premia). We find that...
Persistent link: https://www.econbiz.de/10013136650
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Exchange Rate Expectations of Chartists and Fundamentalists
Dick, Christian David - 2013
currency markets since they forecast just as accurately as fundamentalists. Unexpectedly from an efficient market viewpoint …
Persistent link: https://www.econbiz.de/10013083266
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Instrumental Variables and Causal Mechanisms : Unpacking the Effect of Trade on Workers and Voters
Dippel, Christian - 2018
data from 1987–2009, we find that import exposure increases the support of nationalist parties and causes labor market … turmoil. The voting response to import exposure can entirely be explained by the labor market adjustments to import exposure …
Persistent link: https://www.econbiz.de/10012927102
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Aggregation in Large Dynamic Panels
Pesaran, M. Hashem - 2015
concludes with an empirical application to consumer price inflation in Germany, France and Italy, and re-examines the extent to …
Persistent link: https://www.econbiz.de/10013038262