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condemnation of this practice has been the court's belief in what has come to be known as the "leverage theory" of tying: that is … power to foreclose sales in, and thereby monopolize, a second market. In recent years, however, the leverage theory has come … used by the critics of the leverage theory which all assume that the tied good market has a competitive, constant returns …
Persistent link: https://www.econbiz.de/10013242915
Branded pharmaceutical manufacturers frequently offer "copay coupons'" that insulate consumers from cost-sharing, thereby undermining insurers' ability to influence drug utilization. We study the impact of copay coupons on branded drugs first facing generic entry between 2007 and 2010. To...
Persistent link: https://www.econbiz.de/10012981093
Cigarettes are experience goods - most of their utility value only gets revealed when one consumes them. We hypothesize a three phase consumer life cycle for experience goods. Consumers initially do not know their utility from the good or their preferences for particular characteristics, and may...
Persistent link: https://www.econbiz.de/10013063292
We empirically analyze the welfare effects of cross-firm bundling in the pharmaceutical industry. Physicians often treat patients with "cocktail" regimens that combine two or more drugs. Firms cannot price discriminate because each drug is produced by a different firm and a physician creates the...
Persistent link: https://www.econbiz.de/10013138761
One measure of the health of the Social Security system is the difference between the market value of the trust fund and the present value of benefits accrued to date. How should present values be computed for this calculation in light of future uncertainties? We think it is important to use...
Persistent link: https://www.econbiz.de/10013157914
This article evaluates two different remedies for consumers who have been injured by a price overcharge on the sale of a good. Under a coupon remedy, injured consumers are awarded coupons that can be used for a limited period of time to purchase the good at a price below that which prevails...
Persistent link: https://www.econbiz.de/10013234387
This article studies optimal remedies in a setting in which damages vary among plaintiffs and are difficult to determine. We show that giving plaintiffs a choice between cash and coupons to purchase units of the defendant's product at a discount -- a "coupon-cash remedy" -- is superior to cash...
Persistent link: https://www.econbiz.de/10013243445
Short-rebate fees are a strong predictor of the cross-section of stock returns, both gross and net of fees. We document …
Persistent link: https://www.econbiz.de/10013050316
In response to the quot;standardlessquot; approach used in LePage's v. 3M, the Antitrust Modernization Commission (AMC) and others advocate using a discount allocation approach to assess whether bundled loyalty discounts violate Section 2 of the Sherman Act. This approach treats loyalty...
Persistent link: https://www.econbiz.de/10012770816
themselves, social comparisons and loss framing have no significant impact on the number of rebate requests; when combined …
Persistent link: https://www.econbiz.de/10012978095