Following models of vertically differentiated duopoly this paper deals with the influence of a social health system on the sustainability of the duopoly and on the respective prices. Emphasis is laid on the effect of a reduction of the coinsurance rate for drugs on prices and on the market...

A methodological critique of the Chicago School of legaleconomic analysis, in particular Posner's approach, is illustrated by an example characterizing Chicago-type 'analysis of law'. Although the discussion of the example referred to may be interesting in its own right, its purpose here is to...

To deal with changes of capitalized seignorage due to EMU, we supply the still missing capital-theoretical framework. We show that seignorage pooling of EMU is composed of two components, a dynamic component and a static component. By its dynamic component, the pool provides insurance against...