Global pharmaceutical pricing strategies have been debated in published literature; however, these debates have not accounted for the differences in elasticity of demand between the public, private and cash paying markets. A mathematical model is presented that explores several plausible...

This article addresses an issue that is debated in the economics of innovation literature, namely the existence of increasing returns to R&D expenditures and firm size, in product innovation. It explores further how the firm's structural characteristics and contextual factors affect the...

This paper re-examines the dynamic casual nexus among real manufacturing wage rate, labour productivity and real GDP growth. Data from 1987 Q1 through 2011 Q2 are utilised by implementing the fairly standard cointegration methodology in a trivariate setting. All three variables are...

This paper examines the extent to which multinational firms operating in the United States, through their locational investments, prefer more rural states over more urban states. Using state-level data for 2000 and using OLS, it was determined that such firms do prefer more rural states....

This paper examines the extent to which multinational firms operating in the United States, through their locational investments, prefer more rural states over more urban states. Using state-level data for 2000 and using OLS, it was determined that such firms do prefer more rural states....

During the last years, several studies on Italian medium-sized firms (MSF) have been published in this Journal, some of them collected in a special issue (n. 2/2005). As this subject is attracting growing interest from economists, opinion and policy makers, three new articles are presented in...

This paper introduces a novel method for examining the effects of vertical integration. The basic idea is to estimate the parameters of a vertical entry game. By carefully specifying firms' payoff equations and constructing appropriate tests, it is possible to use estimates on rival profit...