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We analyze how a patent-holding pharmaceutical firm may strategically use advertising of existing drugs to affect research and development (R&D) investments in new (differentiated) drugs, and thereby affect the probability distribution of future market structures in the industry. Within a fairly...
Persistent link: https://www.econbiz.de/10008467009
evaluate the cartel's response to Russian cheating in the 1990s. We find that, despite massive Russian leaks, the cartel held … markets. Although the cartel was able to survive the cheating, it remains unclear whether De Beers will continue to rely on …
Persistent link: https://www.econbiz.de/10005738801