Free market advocates consider consumer choice unambiguously welfare-enhancing but consumers are often unable to make choices aligned with their well-being, and being disempowered might sometimes drive preference for products with questionable impact. We contribute to this debate on corporate...

This paper examines the relationship between exogenous demand shock and market structure in India’s influenza vaccine markets. Using a novel dataset of detailed purchasing information for vaccines in India, and exploiting the 2009-10 global H1N1 pandemic as an exogenous demand shock, we...