Similar Search Results

Ishikawa, Jota - 2018

This study explores the effect of parallel imports (PIs) when the producer may discriminate repair and maintenance services against PI units. This service discrimination weakens intra-brand competition and reduces the degree of price convergence between countries. If the producer makes costly...

Persistent link: https://www.econbiz.de/10012925246

Wholesale Price Discrimination and Parallel Imports

Ganslandt, Mattias; Maskus, Keith E. - 2021

We develop a model of vertical pricing in which an original manufacturer sets wholesale prices in two markets integrated at the distributor level by parallel imports (PI). In this context we show that if competition policy requires uniform wholesale prices across locations it would push retail...

Persistent link: https://www.econbiz.de/10013317168

Is Medicines Parallel Trade 'Regulatory Arbitrage'?

Costa-Font, Joan - 2015

In the European Union, medicines are regulated products subject to both single market (e.g., regional exhaustion of property rights) and country specific health care regulations (e.g., medicines pricing). This gives rise to parallel trade (PT), a phenomenon that takes place when a patented...

Persistent link: https://www.econbiz.de/10013028783

Multimarket Linkages, Cartel Discipline and Trade Costs

Agnosteva, Delina - 2018

We build a model of tacit collusion between firms that operate in multiple markets to study the effects of trade costs. A key feature of the model is that cartel discipline is endogenous. Thus, markets that appear segmented are strategically linked via the incentive compatibility constraint....

Persistent link: https://www.econbiz.de/10012926563

Trade Cost Reduction and Foreign Direct Investment in a Vertical Structure

Haque, M. Emranul - 2017

Although empirical evidence shows that a lower trade cost and higher FDI may go hand in hand, the well-known “proximity-concentration” hypothesis does not support this view. We provide a simple explanation for this phenomenon. We show that a lower trade cost on the intermediate goods (with...

Persistent link: https://www.econbiz.de/10012943399

Trade with Endogenous Transportation Costs : The Value of LNG Exports

Oglend, Atle - 2015

This paper investigates the economic value of trade when prices of transportation services are endogenous to cross-market price spreads. This is relevant for liquefied natural gas (LNG) exports. LNG transportation capacity is limited in the short-run, and long lead-times are involved in...

Persistent link: https://www.econbiz.de/10013026678

Incentive Regulation, Investments and Technological Change

Vogelsang, Ingo - 2021

balancing investment incentives with allocative efficiency and competition objectives. Intermediate regulation is compatible … commitment for the whole time horizon of infrastructure or innovation investments is impossible. The compatibility of incentive … regulation and efficient investment is thus in doubt. Incentive regulation for regular infrastructure investments therefore needs …

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

Price Regulation and Parallel Imports of Pharmaceuticals

Brekke, Kurt Richard - 2015

theory model where the producer price is subject to bargaining between the brand-name producer and a distributor, we show …

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

Capacity Investment Under Demand Uncertainty - An Empirical Study of the US Cement Industry, 1994-2006

Ponssard, Jean-Pierre - 2010

implications of the theory literature on this topic in an empirical study of the US cement industry between 1994 and 2006. Firms in … these markets via both domestic production and imports. Consistent with the theory, we find a negative relationship between …

Persistent link: https://www.econbiz.de/10013138028

Illiquidity and Under-Valuation of Firms

Gale, Douglas M. - 2012

firms' investment decisions. We characterize the conditions under which fire sales occur in equilibrium and their … consequences on firms' investment decisions. We also show that endogenous financial crises may arise in this environment, with …

Persistent link: https://www.econbiz.de/10013116475

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