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This paper analyzes price collusion in a repeated game with two submarkets; a standard and a premium quality segment. Within this setting, we study four types of price-fixing agreement: (i) a segment-wide cartel in the premium submarket only, (ii) a segment-wide cartel in the standard submarket...
Persistent link: https://www.econbiz.de/10012306748
We propose a theory of how market power affects wage inequality. We ask how goods and labor market power jointly affect the level of wages, the Skill Premium, and wage inequality. We then use detailed microdata from the US Census between 1997 and 2016 to estimate the parameters of labor supply,...
Persistent link: https://www.econbiz.de/10013466168
Until a vaccine is widely available, face masks and other nonpharmaceutical interventions (NPIs) will continue to be the frontline defense against Covid-19 in developing countries. But their effectiveness depends critically on compliance by young adults, who are most likely both to become...
Persistent link: https://www.econbiz.de/10012586181
This study seeks to provide evidence for deciding whether or not a pharmaceutical innovation should be included in the … treatment cost in both financing alternatives, justifying inclusion of the innovation in the benefit list from a cost …
Persistent link: https://www.econbiz.de/10003900791
contribution by Lichtenberg (2004), which relates longevity in the United States to pharmaceutical innovation and public health … ; Innovation ; Pharmaceuticals ; Health care expenditure ; Cointegration …
Persistent link: https://www.econbiz.de/10003900852
chain of an emerging new product and how they contribute to innovation. Further, user innovation success in the market is … studies in the healthcare sector have shown that healthcare professionals are an important source of innovation. Yet, to date …
Persistent link: https://www.econbiz.de/10011437131
their product to market. Our findings show that these innovation opportunities were mostly recognized during time … cases, the innovation had significant impacts on the quality of lives of the patients and, in case of caregivers, on both … ailment. This finding on innovation's social component complements current research on lead-users, as the solution of one …
Persistent link: https://www.econbiz.de/10012104378
We use a controlled laboratory experiment to study the causal impact of income decreases within a time period on redistribution decisions at the end of that period, in an environment where we keep fixed the sum of incomes over the period. First, we investigate the effect of a negative income...
Persistent link: https://www.econbiz.de/10012814519
Persistent link: https://www.econbiz.de/10012243526
We consider a situation where an exhaustible-resource seller faces demand from a buyer who has a perfect substitute but there is a time-to-build delay for the substitute. We that find in this simple framework the basic implications of the Hotelling model (1931) are reversed: over time the stock...
Persistent link: https://www.econbiz.de/10008780581