The demand for gasoline in Sweden follows a seasonal cycle. The paper investigates the response in prices and profits … seasonal price changes compatible with the theories for cyclical variations of intensity of competition. We also investigate … this not to be the case. Some possible explanations for this difference between Sweden and the United States are discussed …

both theoretically and empirically. The theoretical results show that an increase in information likely reduces the price … reform has lowered the price of both brand name and generic pharmaceuticals …