Showing 1 - 10 of 20
differentiation is endogenously determined by firms' strategic investments in product innovation. Consumers seek variety and product … innovation is more skill intensive than production. Greater import competition increases innovation incentives, and thereby the …
Persistent link: https://www.econbiz.de/10008592913
We examine if an expansion in the supply of public preschool crowds-out private enrollment using rich data for municipalities in Brazil from 2000-2006, where federal transfers to local governments change discontinuously with given population thresholds. Results from a regression-discontinuity...
Persistent link: https://www.econbiz.de/10010897773
We study the effects of a hospital merger using a spatial competition framework with semialtruistic hospitals that invest in quality and expend cost-containment effort facing regulated prices. We find that the merging hospitals always reduce quality, whereas non-merging hospitals respond by...
Persistent link: https://www.econbiz.de/10010851032
on quality, price and welfare. The merging hospitals always reduce quality, but the non-merging hospital responds by … improve social welfare under price competition. …
Persistent link: https://www.econbiz.de/10010638937
We study the relationship between competition and quality within a spatial competition framework where firms compete in prices and quality. We generalise existing literature on spatial price-quality competition along several dimensions, including utility functions that are non-linear in income...
Persistent link: https://www.econbiz.de/10004962198
This paper studies the impact of hospital competition on waiting times. We use a Salop-type model, with hospitals that differ in (geographical) location and, potentially, waiting time, and two types of patients; high benefit patients who choose between neighbouring hospitals (competitive...
Persistent link: https://www.econbiz.de/10005704676
We study the impact of regulatory regimes on generic competition and pharmaceutical pricing using a unique policy experiment in Norway, where reference pricing (RP) replaced price cap regulation in 2003 for a sub-sample of off-patent products. We exploit a detailed panel dataset at product level...
Persistent link: https://www.econbiz.de/10005827125
In many countries wages are set in two stages, where industry-level collective bargaining is followed by firm-specific arrangements determining actual paid wages as a mark-up on the industry wage floor. What explains the wage set in each of these stages? In this paper we show that both the...
Persistent link: https://www.econbiz.de/10005771625
Many policy makers seem to prefer domestic alternatives to cross-broder mergers. Can such sentiments make sense? We contruct a model where cross-border mergers drive down union-set wages, where domestic mergers have larger non-labour cost synergies than international ones, and where policy...
Persistent link: https://www.econbiz.de/10005771637
on quality, price and welfare. The merging firms always reduce quality. They also increase prices if demand … and prices. Overall, a merger leads to higher average prices and quality in the market. The welfare implications of a … merger and social welfare might also increase. …
Persistent link: https://www.econbiz.de/10010740568