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Brekke, Kurt R.; Siciliani, Luigi; Straume, Odd Rune - 2015

We study the effects of horizontal mergers when firms compete on quality and price. Two key factors are identified: (i) the magnitude of variable quality costs, and (ii) the relative magnitudes of cross-quality and cross-price effects on demand. The merging firms will increase (reduce) both...

Persistent link: https://www.econbiz.de/10011307075

Price Regulation and Parallel Imports of Pharmaceuticals

Brekke, Kurt R.; Holmås, Tor Helge; Straume, Odd Rune - 2015

This paper studies the effects of price regulation and parallel imports in the on-patent pharmaceutical market. In a theory model where the producer price is subject to bargaining between the brand-name producer and a distributor, we show that the effects of stricter price regulation crucially...

Persistent link: https://www.econbiz.de/10011307132

Industry concentration and strategic trade policy in successive oligopoly

Nese, Gjermund; Straume, Odd Rune - 2005

We study a policy game between exporting and importing countries in vertically linked industries. In a successive international Cournot oligopoly, we analyse incentives for using tax instruments strategically to shift rents vertically, between exporting and importing countries, and horizontally,...

Persistent link: https://www.econbiz.de/10010261165

Gatekeeping in health care

Brekke, Kurt R.; Nuscheler, Robert; Straume, Odd Rune - 2005

We study the competitive effects of restricting direct access to secondary care by gatekeeping, focusing on the informational role of general practitioners (GPs). In the secondary care market there are two hospitals choosing quality and specialisation. Patients, who are ex ante uninformed, can...

Persistent link: https://www.econbiz.de/10010261341

Reference pricing of pharmaceuticals

Brekke, Kurt R.; Koenigbauer, Ingrid; Straume, Odd Rune - 2006

We consider a therapeutic market with potentially three pharmaceutical firms. Two of the firms offer horizontally differentiated brand-name drugs. One of the brand-name drugs is a new treatment under patent protection that will be introduced if the profits are sufficient to cover the entry...

Persistent link: https://www.econbiz.de/10010263999

Competition and waiting times in hospital markets

Brekke, Kurt R.; Siciliani, Luigi; Straume, Odd Rune - 2007

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/10010264231

Pharmaceutical patents: incentives for R&D or marketing?

Brekke, Kurt R.; Straume, Odd Rune - 2008

We analyse how a patent-holding pharmaceutical firm may strategically use advertising of existing drugs to affect R … industry. Within a fairly general model framework, we derive exact conditions for advertising and R&D being substitute … strategies for the incumbent firm and show that it may overinvest in advertising to reduce the incentive for an entrant to invest …

Persistent link: https://www.econbiz.de/10010264464

Competition and quality in regulated markets with sluggish demand

Brekke, Kurt R.; Cellini, Roberto; Siciliani, Luigi; … - 2010

We investigate the effect of competition on quality in regulated markets (e.g., health care, higher education, public utilities), using a Hotelling framework, in the presence of sluggish demand. We take a differential-game approach, and derive the open-loop solution (providers choose the optimal...

Persistent link: https://www.econbiz.de/10010266064

Hospital competition and quality with regulated prices

Brekke, Kurt R.; Siciliani, Luigi; Straume, Odd Rune - 2009

We analyse the effect of competition on quality in hospital markets with regulated prices, considering both the effect of (i) introducing competition (monopoly versus competition) and (ii) increasing competition through lower transportation costs (increased substitutability) or a higher number...

Persistent link: https://www.econbiz.de/10010271864

Hospital competition with soft budgets

Brekke, Kurt R.; Siciliani, Luigi; Straume, Odd Rune - 2013

We study the incentives for hospitals to provide quality and expend cost-reducing effort when their budgets are soft, i.e., the payer may cover deficits or confiscate surpluses. The basic set up is a Hotelling model with two hospitals that differ in location and face demand uncertainty, where...

Persistent link: https://www.econbiz.de/10010291512