equilibrium price effects of coupons, we employ individual-level data to estimate a discrete choice model of demand for multiple … sclerosis drugs. We use our demand estimates to parameterize a model of drug price negotiations. For this category of drugs, we …

In this paper, I investigate US post war price, wage and employment dynamics by identifying and estimating a price and … nominal wages. This may be taken as evidence that price inertia is more important empirically than nominal wage inertia. The … paper is somewhat different from the traditional approach to the estimation of price and wage equations. Its spirit is to …

Did the 1973 and 1979 gasoline price rises change consumer views about the relative quality of different cars? This … effect of gasoline price increases but also for the effects of changes in other prices and income, we develop two alternative … fraction of the coefficient change that did occur during this period can be attributed to the gasoline price increase alone …

, controlling for a host of other influences on price. The estimated effects are statistically and economically significant … condition) see larger price declines than those with shorter remaining lives. These patterns do not seem to be driven solely by …

In this paper, we construct a price index for broadband services in the United States between 2004 and 2009. We analyze …-model methods and hedonic price index estimations to adjust for qualitative improvements. In general, we find some evidence of a … quality-adjusted price decline, but the evidence points towards a modest decline at most. Our estimates of the price decline …

This paper examines the relationship between drug price and drug quality and how it varies across two of the most … standards and price control mechanisms (MES+PC). Through a simple model of adverse selection we model the interaction between … greater incentives to produce high quality drugs. Second, an MES+PC mix reduces the difference in price between the highest …

hedonic methods may overstate the price decline of personal computers. We model computers as a durable good and suppose that … the true price of computer services at the time the machine is purchased with the concurrent level of software. To assess … these theoretical results we estimate the model and find that before 2000 the hedonic price index constructed with BLS …