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and competition with generics. The nature of demand for drugs, the identity of drugs brought to market, and the nature of … competition in the drug market over time are all shaped by regulation. Throughout much of the world, administrative regulation …, rather than competition policy, dominates efforts to afford consumers and governments adequate access to affordable drugs …
Persistent link: https://www.econbiz.de/10012980141
This paper theoretically and empirically examines the effect of product market competition on the relation between real … assets are found to increase firm risk. This study introduces product market competition as a critical determinant of the … shows that controlling for product market competition enhances identification of the endogenous relation between real estate …
Persistent link: https://www.econbiz.de/10013006638
This paper studies banks' competitive behavior on the deposit side of the Italian retail banking industry. We use a structural model to estimate demand for deposit services and test several supply models. We find that both the competitive, differentiated product Bertrand and the perfectly...
Persistent link: https://www.econbiz.de/10013007453
information disclosure relax competition and may reduce aggregate surplus. We provide several applications, including labor …
Persistent link: https://www.econbiz.de/10012852893
, such as restaurants and hotels. This study fosters the understanding of how such aggregators modify competition, profits … and welfare. Using a spokes model of horizontal competition, I show that review aggregators enhance total welfare mainly … more agents find a suitable product; 3) the equilibrium price weakly decreases for competition amongst firms is more …
Persistent link: https://www.econbiz.de/10013026094
We present a Hotelling model of price and advertising competition between prescription drugs that differ in quality …
Persistent link: https://www.econbiz.de/10012986489
We investigate the impact of consumer search and competition on pricing strategies in Germany's electricity retail. We … inverted U-shape effect of competition on price dispersion, consistent with theoretical findings by Janssen and Moraga …
Persistent link: https://www.econbiz.de/10012994844
range from 5% to 10%. To measure competition directly, we apply a novel approach that estimates the impact of marginal costs … as indicator of inefficiency on either market shares or profits. Over time, competition in health insurance has increased … fall in the average level of competitive pressure. After the reform, competition continued to improve. In the non …
Persistent link: https://www.econbiz.de/10013046722
We study the collusive efficacy of competition clauses (CC) such as the meeting competition clause (MCC) and the … beating competition clauses (BCC) in a general framework. In contrast to previous theoretical studies, we allow for repeated …
Persistent link: https://www.econbiz.de/10012546930
counterproductive, both with regard to the stated consumer protection objective and the complementary aim to promote competition. …
Persistent link: https://www.econbiz.de/10012583369