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Hospital Competition and Quality with Regulated Prices
Brekke, Kurt Richard - 2010
We analyse the effect of competition on quality in hospital markets with regulated prices, considering both the effect … of (i) introducing competition (monopoly versus competition) and (ii) increasing competition through lower transportation … structure, we show that the relationship between competition and quality is generally ambiguous. In contrast to the received …
Persistent link: https://www.econbiz.de/10013152862
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Does Pharmaceutical Price Regulation Affect the Adoption of Generic Competition? Evidence from the OECD, 1999-2008
Varol, Nebibe - 2014
Generic competition in the pharmaceutical market is an effective cost-containment mechanism that improves static … adoption of generic competition. This paper aims to investigate how price regulations in the OECD affect the adoption of … generic competition following the first global generic launch of each molecule. Drawing upon data from 1999 to 2008, we …
Persistent link: https://www.econbiz.de/10013068052
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The Effectiveness of Taxation and Feed-In Tariffs
Antoniou, Fabio - 2014
We study (energy) markets with dirty incumbents and costly entry by clean producers. For intermediate entry costs, the market outcome exhibits inefficient production and inefficient entry. A policy mix of three popular regulatory instruments — taxation on polluters, feed-in tariffs for clean...
Persistent link: https://www.econbiz.de/10013053070
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Financial Constraints and Nominal Price Rigidities
Balleer, Almut - 2017
This paper investigates how financial market imperfections and the frequency of price adjustment interact. Based on new firm-level evidence for Germany, we document that financially constrained firms adjust prices more often than their unconstrained counterparts, both upwards and downwards. We...
Persistent link: https://www.econbiz.de/10012962670
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Price Rigidity and the Origins of Aggregate Fluctuations
Pasten, Ernesto - 2018
We document a novel role of heterogeneity in price rigidity: It strongly amplifies the capacity of idiosyncratic shocks to drive aggregate fluctuations. Heterogeneity in price rigidity also completely changes the identity of sectors from which fluctuations originate. We show these results both...
Persistent link: https://www.econbiz.de/10012908795
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Monetary Policy and the Relative Price of Durable Goods
Cantelmo, Alessandro - 2015
In a VAR model of the US, the response of the relative price of durables to a monetary contraction is either flat or mildly positive. It significantly falls only if narrowly defined as the ratio between new house and nondurables prices. These findings survive three identification strategies and...
Persistent link: https://www.econbiz.de/10013023113
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Price Changes - Stickiness and Internal Coordination in Multiproduct Firms
Letterie, Wilko H. - 2016
We assess empirically the micro-foundations of producers' sticky pricing behaviour. The intertemporal profit function considered accounts for various functional forms of menu costs. The focus is on the analysis of multiproduct plants, and the menu costs therefore also allow for economies of...
Persistent link: https://www.econbiz.de/10012998723
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Firm-to-Firm Relationships and Price Rigidity Theory and Evidence
Heise, Sebastian - 2017
Economists have long suspected that firm-to-firm relationships might increase price rigidity due to the use of explicit or implicit fixed-price contracts. Using transaction-level import data from the U.S. Census, I study the responsiveness of prices to exchange rate changes and show that prices...
Persistent link: https://www.econbiz.de/10012965634
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Environmental Regulation and Competitiveness : Evidence from Romania
Arouri, Mohamed El Hedi; Caporale, Guglielmo Maria; … - 2021
According to the pollution haven hypotheses differences in environmental regulation affect trade flows and plant location. Specifically, environmental stringency should decrease exports and increase imports of 'dirty' goods. This paper estimates a gravity model to establish whether the...
Persistent link: https://www.econbiz.de/10013315867
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Heterogeneous Merger Impacts on Competitive Outcomes
Siebert, Ralph - 2017
Mergers realize heterogeneous competitive effects on profits, production, and prices. To date, it is unclear whether differential merger outcomes are caused mostly by firms' technology or product market attributes. Furthermore, empirical merger studies conventionally assume that, conditional on...
Persistent link: https://www.econbiz.de/10012948252