Why do producers often accept parallel trade in some markets such as automobiles, clothing, toys and consumer electronics? This paper identifies two new factors, viz., market stealing and union-wage cutting, which may make parallel trading beneficial to a manufacturer. Specifically, (i) under...

This paper reports on a study of the prescribing physician's influence on consumers' choice between medically equivalent pharmaceuticals. The study was performed using a dataset of 666,000 observations in which consumers were asked whether they were prepared to pay the price difference in order...

This paper reports on a study of the prescribing physician’s influence on consumers’ choice between medically equivalent pharmaceuticals. The study was performed using a dataset of 666,000 observations in which consumers were asked whether they were prepared to pay the price difference in...

Die Frage der Zulassung von Parallelimporten von patentierten Gütern wird in der Schweizkontrovers diskutiert. Medikamente zeichnen sich dabei als ein Spezialfall unter den Güternmit Patentschutz aus, da die Preise für Medikamente in allen westlichen Ländern durchstaatliche Behörden direkt...

The purpose of this paper is to test if consumer loyalty is stronger toward brand name prharmaceutical products and branded generics as compared to "true" generics in the Swedish pharmaceutical market. The results show that consumers are equally loyal toward brand name pharmaceuticals and...

We examine the interaction between commodity taxes and parallel imports in a simple two-country model with imperfect competition. While governments determine non-cooperatively their commodity tax rate, the volume of parallel imports is determined endogenously by the retailing sector. We compare...

Dieser Artikel analysiert die auch im Vergleich zu anderen (europäischen) Ländern restriktiveImportpolitik der Schweiz für patentgeschützte Güter (nationale Erschöpfung)aus aussenhandelstheoretischer Sicht.Obwohl dieAussenhandelstheorie auf der Basis derTheorie des Zweitbesten (Theory of...