This paper studies the effects of price regulation and parallel imports in the on-patent pharmaceutical market. In a … theory model where the producer price is subject to bargaining between the brand-name producer and a distributor, we show … that the effects of stricter price regulation crucially depend on whether the producer faces competition from parallel …

We study the incentives for hospitals to provide quality and expend cost-reducing effort when their budgets are soft, i …. Softer budgets reduce cost efficiency, while the effect on quality is ambiguous. For given cost efficiency, softer budgets … increase quality since parts of the expenditures may be covered by the payer. However, softer budgets reduce cost …

on quality, price and welfare. The merging hospitals always reduce quality, but the non-merging hospital responds by … reducing quality if prices are fixed and increasing quality if not. The merging hospitals increase prices if demand … responsiveness to quality is sufficiently low, whereas the non-merging hospital always increases its price. If prices are endogenous …

We study the incentives for hospitals to provide quality and expend cost-reducing effort when their budgets are soft, i …. Softer budgets reduce cost efficiency, while the effect on quality is ambiguous. For given cost efficiency, softer budgets … increase quality since parts of the expenditures may be covered by the payer. However, softer budgets reduce cost …

. Allowing for price cap regulation, we show that the negative effect on generic entry can be reversed, and that reference …