roughly doubled. The price response to generic entry of brand-name products has been a source of controversy. In this paper we … estimate models of price responses to generic entry in the market for brand-name and generic drugs. We study a sample of 32 … increase after entry and are accompanied by large price decreases in the price of generic drugs …

relationship between price declines and volume increases upon LOE holds among these drugs. First, we examine the extent to which … utilization subsequent to LOE. We observe substantial price erosion after generic entry; average monthly price declines appear to …

Generic pharmaceuticals provide low-cost access to treatment. Despite their chemical equivalence to branded products …

An upstream manufacturer can use minimum retail price maintenance (RPM) to exclude potential competitors. RPM lets the …

entry and product variety in a sticky-price model with monopolistic competition in which price stability would be optimal in … percent or higher. Price indexation implies even larger deviations from long-run price stability. However, price stability … (around this non-zero trend) is close to optimal in the short run, even in the presence of time-varying flexible-price markups …

In this paper we present and solve a three-stage game of entry, location, and pricing in a spatial price discrimination …

pricing by the incumbent. Post entry, firms have strong incentives to modify product designs so as to raise price by …, because they intensify price competition too much. Multi-product monopoly can lead to better design incentives than the non …

Though built with increasingly precise microfoundations, modern optimizing sticky price models have displayed a chronic … [2000]. This is an ironic finding, since Taylor [1980] and other researchers were motivated to study sticky price models in … standard view of the cyclical behavior of real marginal cost built into current sticky price macro models. Using both a small …

This paper presents evidence on the amount of price rigidity that exists in individual transaction prices. Using the … important findings are: 1.The degree of price rigidity in many industries is significant. It is not unusual in some industries … commodities, the correlation of price changes across buyers is very low. 3.There is no evidence that there is an asymmetry in …

volatility are high, few imports are pre-bought, the price of imports is determined by the realized real exchange rate, and a … purchased in the spot market, the price of imports is determined by the realized real exchange rate, and the relative PPP holds …-buying imports, reducing thereby the frequency of pricing to market, increasing the expected relative price of imports, reducing the …