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In his Labor Day address, President Biden stated that the U.S. "has the highest drug prices in the world, and there is no reason for it." For new branded drugs, the first part of that statement is supported by a recent RAND Report (Mulcahy et. al. 2021) which found U.S. average prices are 2.3...
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financial and retail gasoline, governments and consumer protection agencies call for compulsory price reporting. Consumers could … then more easily compare the firms' offers. We showthat for a given level of price comparison, mandatory price reporting … of price comparison in equilibrium. This effect may dominate so that the regulation lead to higher expected market prices. …
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Online price dispersion has remained a puzzle for many years. In this article, we test the effects of a range of … posted price but rather centered around the median prices. Thirdly, we show that online price dispersion increases with the … number of sellers mainly because new sellers price their product significantly lower that the current median price. Fourth …
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