Showing 1 - 10 of 655
The landmark Waxman-Hatch Act of 1984 represented a "grand compromise" legislation that sought to balance incentives for innovation by establishing finite periods of market exclusivity yet simultaneously providing access to lower cost generics expeditiously following patent expiration. Here we...
Persistent link: https://www.econbiz.de/10013069176
A large empirical literature found that the correlation between insurance purchase and ex post realization of risk is often statistically insignificant or negative. This is inconsistent with the predictions from the classic models of insurance a la Akerlof (1970), Pauly (1974) and Rothschild and...
Persistent link: https://www.econbiz.de/10012980144
We construct a novel database containing the universe of financial advisers in the United States from 2005 to 2015, representing approximately 10% of employment of the finance and insurance sector. We provide the first large-scale study that documents the economy-wide extent of misconduct among...
Persistent link: https://www.econbiz.de/10012997876
charges. Taking this behavior into account, we estimate an equilibrium model of dealer price setting and lender competition …
Persistent link: https://www.econbiz.de/10013406873
This paper develops an approach to measuring the intensity of competition in international markets. The method measures … the degree of 'outside' competition faced by exporters located in one source country from firms located outside the source … a particular source country, to calculate our measure of outside competition. The measures are estimated using panel …
Persistent link: https://www.econbiz.de/10013233435
accident mortality rates of youths ages 15 through 17, 18 through 20, and 21 through 24 are negatively related to the real beer … purchase of beer. Simulations suggest that the lives of 1,022 youths between the ages of 18 and 20 would have been saved in a … typical year during the sample period if the Federal excise tax rate on beer, which has been fixed in nominal terms since 1951 …
Persistent link: https://www.econbiz.de/10013237039
a unit of alcohol in beer, in wine and in spirits. This paper provides some new empirical evidence of what effect … consumption results from an increase in spirits taxes, followed by beer taxes and then wine taxes. This suggests that the existing … generally accepted taxation policy of placing the highest tax on spirits, a lower tax on beer, and the lowest tax on wine …
Persistent link: https://www.econbiz.de/10013210638
This paper investigates changes in cultural consumption patterns for a low concentration industry: wine and beer. Using … data on 38 countries from 1963-2000, there is clear convergence in the consumption of wine relative to beer between 1963 …
Persistent link: https://www.econbiz.de/10013213461
While inferring markups from demand data is common practice, estimation relies on difficult-to-test assumptions, including a specific model of how firms compete. Alternatively, markups can be inferred from production data, again relying on a set of difficult-to-test assumptions, but a wholly...
Persistent link: https://www.econbiz.de/10012966931
In this paper, we propose an extension of the productivity decomposition method developed by Olley & Pakes (1996). This extension provides an accounting for the contributions of both firm entry and exit to aggregate productivity changes. It breaks down the contribution of surviving firms into a...
Persistent link: https://www.econbiz.de/10013065931