Over the past several years, the federal government has consulted widely in formulating new rules for the regulation of brand-name drug prices through the Patented Medicine Prices Review Board (PMPRB) and a long-delayed set of rules that are expected to result in large price reductions, now...

We show the estimable rational addiction model tends to yield spurious evidence in favor of the rational addiction hypothesis when aggregate data is used. Direct application of the canonical model yields results seemingly indicative that non-addictive commodities such as milk, eggs, and oranges...