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We establish four facts concerning competition among U.S. generic drug suppliers, using IQVIA's National Sales … cohorts; (iii) the extent of competition is greatest for the oldest molform cohorts and is smallest for the youngest molform … cohorts. With a median of one competitor, the extent of competition in the youngest molform cohort is very limited; and (iv …
Persistent link: https://www.econbiz.de/10012480138
In September 1997, the anti-obesity drugs Pondimin and Redux, ingredients in the popular drug combination fen-phen, were withdrawn from the market for causing potentially fatal side effects. That event provides an opportunity for studying how consumers respond to drug withdrawals. In theory,...
Persistent link: https://www.econbiz.de/10012467462
competition after entry. However, less attention has been paid to pricing behavior in anticipation of brand-to-brand competition …. We contribute to this gap in the literature by both developing a model of pricing strategies for incumbent drug … manufacturers under tiered-insurance anticipating branded competition. Our model predicts rising prices for incumbent drugs for a …
Persistent link: https://www.econbiz.de/10012453327
Drug pricing in the U.S. is a persistently vexing policy problem. While there is agreement among many policy analysts … that supra competitive prices are necessary to promote innovation; significant disagreements arise over how much pricing …
Persistent link: https://www.econbiz.de/10012453473
prices to retail pharmacies, plausibly because uncertain quality leads to competition on brand rather than price. Tendered …
Persistent link: https://www.econbiz.de/10012461483
of competition (e.g. monopoly versus oligopoly). In this paper we model the firm's behavior under different competitive …
Persistent link: https://www.econbiz.de/10012461495
New Keynesian models of price setting under monopolistic competition involve two kinds of inefficiency: the price level … asymmetric. Implications for the welfare cost of fluctuations also differ from the standard monopolistic competition case …
Persistent link: https://www.econbiz.de/10012471622
Entry represents a fundamental threat to cartels engaged in price fixing. We study the extent and effect of this behavior in the largest price fixing case in US history, which involves generic drugmakers. To do so, we link information on the cartel's internal operations to regulatory filings and...
Persistent link: https://www.econbiz.de/10013172185
Agglomeration is a location pattern frequently observed in service industries such as hotels. This paper empirically examines if agglomeration facilitates tacit collusion in the lodging industry using a quarterly dataset of hotels that operated in rural areas across Texas between 2003 and 2005....
Persistent link: https://www.econbiz.de/10012461919
countercyclical. We also establish pricing patterns with respect to the relative prices in booms and recessions. If the marginal cost … intermediate range, numerical examples are calculated to show specific pricing patterns …
Persistent link: https://www.econbiz.de/10012466026