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The US government has embarked on a trade strategy to address alleged free riding by raising patented prescription drug prices abroad. This strategy is unwise and dangerous. It is likely to 'succeed' in low and middle income countries, desperate to sign a bilateral trade agreement with the US....
Persistent link: https://www.econbiz.de/10014065505
The SNP Government in Scotland introduced Minimum Price per Unit (MPU) for alcohol in the Alcohol (Minimum Pricing) (Scotland) Act 2012. A challenge to those provisions was brought by the Scotch Whisky Association and others in SWA and Others for Judicial Review of the Alcohol (Minimum Pricing)...
Persistent link: https://www.econbiz.de/10013059013
This paper examines the use of arbitration for resolving disputes about price formulae in contracts regarding long-term gas supply agreements. Arbitration is preferred because it results in binding awards enforceable under the New York Convention. However, arbitrators frequently treat the...
Persistent link: https://www.econbiz.de/10012954437
Copyrights create long-lived intellectual property in goods ranging from science, literature, and music to news, film and software. The economic effects of copyright, however, are difficult to identify in modern settings. This article exploits an unintended differential increase in copyright...
Persistent link: https://www.econbiz.de/10014164160
The Supreme Court recently held that campaign contributions under $5200 do not create a “cognizable risk of corruption.” It was wrong. This Essay describes a nexus of timely contributions and special-interest legislation. In the most noteworthy case, a CEO made a first-time $1000 donation to...
Persistent link: https://www.econbiz.de/10013032775
Surging pharmaceutical prices in the United States create financial strain for patients, insurance companies, and state and federal governments. Regulatory delays and coverage denials due to product prices can also affect shareholders of pharmaceutical companies by depressing stock prices. While...
Persistent link: https://www.econbiz.de/10012946864
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We investigate the effect of overreaction in the fine art market. Using a unique sample of auction prices of modern …) auction pricing estimate. Based on the overreaction hypothesis, we predict that overvalued (undervalued) prints generate a …
Persistent link: https://www.econbiz.de/10011587560
trade at a fixed price before an auction. In the "Buy-It-Now" format, the seller offers a price prior to the auction …
Persistent link: https://www.econbiz.de/10011309645