Parallel imports are a significant academic and policy issue. Official investigations into the impact of parallel imports on music CD prices have reached widely conflicting conclusions. This note reports an event study on an international panel of changes in copyright law to permit or disallow...

This paper studies the distributional costs to US consumers of country-specific tariffs. By linking detailed household purchase records with a barcode-specific country-of-origin, I estimate a demand model with both detailed consumer heterogeneity and rich import substitution patterns in the face...

Price controls create opportunities for international arbitrage. Many have argued that such arbitrage, if tolerated, will undermine intellectual property rights and dull the incentives for investment in research-intensive industries such as pharmaceuticals. We challenge this orthodox view and...