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relationship between market structure and innovation, that is the effect of regulation on the incentives to innovate of a regulated … monopolistic firm. More precisely, we discuss the influence of price regulation on the economic incentives to undertake costly R …&D effort to discover a new technology. After a discussion of positive approaches to regulation and their relevance for the …
Persistent link: https://www.econbiz.de/10011608314
This paper studies the effect of two regulatory instruments - a price cap and a reference price system - a mandatory substitution rule, and the combination of both on generic competition in a Salop-type model with an off-patent brand-name drug and n differentiated generic versions. The price cap...
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manufacturer) on pharmaceutical regulation in a North-South framework with a firm's endogenous decision to export to the South … via reimbursement limits. Parallel trade may relax regulation in the source country of parallel imports (South) and … intensify regulation in the destination country (North): In the source country, parallel trade may relax regulation both under a …
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, inflation regulation can cause inflation to rise, but only because firms are reducing launch prices to make the regulation bind …
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Reforms often occur in waves, seemingly cascading from country to country. We argue that such reform waves may be driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of similar countries. We motivate this hypothesis with a simple...
Persistent link: https://www.econbiz.de/10009503832