Showing 1 - 10 of 522
This paper considers the role of incentive based climate adaptation policies. It uses the early literature on pricing and capacity choices under demand uncertainty to describe how revised price structures for the substitutes for climate services can be treated as anticipatory adaptation. In many...
Persistent link: https://www.econbiz.de/10012462556
Despite all of the talk about deregulation' of the electricity sector, a large number of non-market mechanisms have been imposed on emerging competitive wholesale and retail markets. These mechanisms include spot market price caps, operating reserve requirements, non-price rationing protocols,...
Persistent link: https://www.econbiz.de/10012468221
Since the passage of the Interstate Commerce Act (1897) and the Sherman Act (1890), regulation and antitrust have … operated as competing mechanisms to control competition. Regulation produced cross-subsidies and favors to special interests … antitrust and regulation. Antitrust and regulation can also be viewed as complements in which regulation and antitrust assign …
Persistent link: https://www.econbiz.de/10012465754
This paper provides the first quantitative economic models of pharmacy benefit management regulation. The price … "rebate traps." Applicable types of regulation include rebate rules, such as the HHS rebate rule and the Insulin Act …
Persistent link: https://www.econbiz.de/10014247918
This paper examines the relationship between drug price and drug quality and how it varies across two of the most common regulatory regimes in the pharmaceutical market: minimum efficacy standards (MES) and a mix of minimum efficacy standards and price control mechanisms (MES+PC). Through a...
Persistent link: https://www.econbiz.de/10012464081
effects of bank regulation and the impact of deregulation. We find that where entry was more restricted the cost of credit was …
Persistent link: https://www.econbiz.de/10012466164
Open borders imply systems competition. This paper studies the implications of systems competition for the national competition rules. It is shown that an equilibrium where all countries retain their antitrust laws does not exist, since abolishing this law makes it possible for a single country...
Persistent link: https://www.econbiz.de/10012471517
discounts generated by a price regulation program that allows eligible hospitals to purchase outpatient drugs at steep discounts … targeted towards physicians at these hospitals. We find that the effects of price regulation on pharmaceutical firm effort …
Persistent link: https://www.econbiz.de/10014512103
Despite the popularity of price cap regulation in practice, the economic literature provides relatively little guidance … regulation, and when product-specific costs and productivity cannot be measured; (2) when the pricing decisions of the regulated …
Persistent link: https://www.econbiz.de/10012472189
This paper presents a theoretical and empirical investigation of tax competition when voters use the tax policy of neighboring jurisdictions as information to evaluate the performance of their incumbent politicians. We show that this has implications both for voter tolerance of high taxes and...
Persistent link: https://www.econbiz.de/10012474939