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Switching Costs, Brand Premia and Behavioral Pricing in the Pharmaceutical Market
Janssen, Aljoscha - 2020
This article examines the market power of branded prescription drugs faced with generic competition. Using prescription-level and matched socioeconomic panel data of the entire Swedish population between 2010 and 2016, I provide evidence for the key role of switching costs. A discontinuity...
Persistent link: https://www.econbiz.de/10014095430
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Price Dynamics of Swedish Pharmaceuticals
Janssen, Aljoscha - 2020
This paper investigates price patterns of off-patent pharmaceuticals in Sweden. I show that price dynamics are … competition in which the demand for pharmaceuticals incorporates the known biases of consumers: habit persistence and brand … preferences. Using the regulated market of Swedish pharmaceuticals, I show that price dynamics may help in identifying possible …
Persistent link: https://www.econbiz.de/10014095437
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Analysts' disagreement and investor decisions
Gick, Wolfgang; Weissensteiner, Alex - 2018
Earning forecasts disclosed by financial analysts are known to be overly optimistic. Since an investor relies on their expertise, the question arises whether he would take analyst recommendations at face value or instead structure consultation with differently upward-biased analysts in a way...
Persistent link: https://www.econbiz.de/10011917083
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The Scientific Output of a Database on Commercialized Patents
Svensson, Roger - 2020
The purpose of this study is to present a unique database on commercialized patents and to illustrate how it can be used to analyze the commercialization process of patents. The dataset is based on a survey of Swedish patents owned by inventors and small firms with a remarkably high response...
Persistent link: https://www.econbiz.de/10012615417
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The Scientific Output of a Database on Commercialized Patents
Svensson, Roger - 2020
The purpose of this study is to present a unique database on commercialized patents and to illustrate how it can be used to analyze the commercialization process of patents. The dataset is based on a survey of Swedish patents owned by inventors and small firms with a remarkably high response...
Persistent link: https://www.econbiz.de/10012825823
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Buying to Sell: A Theory of Buyouts
Norbäck, Pehr-Johan; Persson, Lars; Tåg, Joacim - 2010
Private equity owned firms have more leverage, more intense compensation contracts, and higher productivity than comparable firms. We develop a theory of buyouts in oligopolistic markets that explains these facts. Private equity firms are more aggressive in inducing restructuring compared to...
Persistent link: https://www.econbiz.de/10010320382
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Private Equity and Employees
Olsson, Martin; Tåg, Joacim - 2012
Using linked employer-employee data from Sweden, a difference-in-difference approach, and 201 private equity buyouts undertaken between 1998 and 2004, we show that unemployment risk declines and labor income increases for employees in the wake of a private equity buyout. Unemployment risk...
Persistent link: https://www.econbiz.de/10010320400
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Buying to Sell : A Theory of Buyouts
Norbäck, Pehr-Johan - 2010
Private equity firms are an important part of the industrial restructuring process. We argue that the key is temporary ownership. Buying to sell induces aggressive restructuring since the equilibrium trade sale price increases both because the profits of the acquiring incumbent increase and the...
Persistent link: https://www.econbiz.de/10013149351
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Entrepreneurship and the Theory of Taxation
Henrekson, Magnus; Sanandaji, Tino - 2008
Taxation theory rarely takes entrepreneurship into consideration. We discuss how this omission affects conclusions derived from standard models of capital taxation when applied to entrepreneurial income. Some of the defining features of entrepreneurship often omitted by standard capital taxation...
Persistent link: https://www.econbiz.de/10010320176
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Entrepreneurship and the Theory of Taxation
Henrekson, Magnus - 2019
A review of the literature on firm taxation reveals that the economics of entrepreneurship has only recently and gradually been taken into consideration, and not yet sufficiently so. We discuss how this affects conclusions derived from standard models of capital taxation when applied to...
Persistent link: https://www.econbiz.de/10012706095