traders arbitrage, thus restricting producers' market power. Using detailed individual data, I examine physical and financial …

subject of this survey article. For example, parallel trade is essentially arbitrage within policy-integrated markets of IPR … rise to such arbitrage. First is simple retail-level trade in horizontal markets because consumer prices may differ. Second … controls for medicines, which are a key component of national health policies but can give rise to arbitrage through PI. We …

subject of this survey article. For example, parallel trade is essentially arbitrage within policy-integrated markets of IPR … rise to such arbitrage. First is simple retail-level trade in horizontal markets because consumer prices may differ. Second … controls for medicines, which are a key component of national health policies but can give rise to arbitrage through PI. We …