manufacturer) on pharmaceutical regulation in a North-South framework with a firm's endogenous decision to export to the South … via reimbursement limits. Parallel trade may relax regulation in the source country of parallel imports (South) and … intensify regulation in the destination country (North): In the source country, parallel trade may relax regulation both under a …

, inflation regulation can cause inflation to rise, but only because firms are reducing launch prices to make the regulation bind …

avoid the effects of regulation and, at the same time, to reinforce their dominant position and power. The thesis of the … where monopolists are more active and where regulation should be more effective. …

overinvestment. The last section will provide recommendations for a more efficient regulation. …

game, where firms lobby for regulation before they compete in the product market, we derive a testable measure of lobbying …

-of-return regulation is generally thought to result in overinvestment, while incentive regulation is believed to entail underinvestment …. Yet, previous empirical work has generally found that the introduction of incentive regulation has not systematically …-of-return regulation because investment decisions (what can be included in the rate base) are usually evaluated in a discretionary manner …