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Innovation, loyalty and generic competition in pharmaceutical markets

Antoñanzas, Fernando; Juárez-Castelló, Carmelo; … - In: SERIEs - Journal of the Spanish Economic Association 2 (2011) 1, pp. 75-95

-line extension (an upgrade through innovation) before it faces generic competition. There are two types of physicians: loyal … firm decides the level of innovation. In the second-stage, all firms decide sequentially their prices, with the incumbent … innovation, the incumbent firm competes for the price-sensitive physicians. However, for low levels of innovation, the incumbent …

Persistent link: https://www.econbiz.de/10010317100

Are the Spanish long-term unemployed unemployable?

Bentolila, Samuel; García-Pérez, J. Ignacio; Jansen, … - In: SERIEs - Journal of the Spanish Economic Association 8 (2017) 1, pp. 1-41

Long-term unemployment reached unprecedented levels in Spain in the wake of the Great Recession and it still affects around 57% of the unemployed. We document the sources that contributed to the rise in long-term unemployment and analyze its persistence using state-of-the-art duration models. We...

Persistent link: https://www.econbiz.de/10011994631

The fading productivity of schooling in East Asia

Gundlach, Erich; Wößmann, Ludger - In: Journal of Asian economics 12 (2001) 3, pp. 401-417

We estimate changes in the productivity of schooling for six East Asian countries. Our productivity measure is based on changes in the relative price of schooling. A rising price of schooling relative to other labor-intensive service sectors should indicate declining relative schooling...

Persistent link: https://www.econbiz.de/10010314292

Financial openness, volatility, and the size of productive government

Erauskin, Iñaki - In: SERIEs - Journal of the Spanish Economic Association 2 (2011) 2, pp. 233-253

This paper analyzes the impact of financial openness on the size of the government in a stochastically growing small open economy when public spending is productive and volatility-reducing using a portfolio approach. The main result of the model is that economies that are more open are...

Persistent link: https://www.econbiz.de/10010317071

General equilibrium long-run determinants for Spanish FDI: A spatial panel data approach

Martínez-Martín, Jaime - In: SERIEs - Journal of the Spanish Economic Association 2 (2011) 3, pp. 305-333

While general equilibrium theories of trade stress the role of third-country effects, little work has been done in the empirical foreign direct investment (FDI) literature to test such spatial linkages. This paper aims to provide further insights into long-run determinants of Spanish FDI by...

Persistent link: https://www.econbiz.de/10010317091