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Persistent link: https://www.econbiz.de/10010500743
We study the impact of regulating product entry and quality information requirements on an oligopoly equilibrium and consumer welfare. Product testing can reduce consumer uncertainty, but also increase entry costs and delay entry. Using variation between EU and US medical device regulations, we...
Persistent link: https://www.econbiz.de/10013027262
We study the impact of regulating product entry and quality information requirements on an oligopoly equilibrium and consumer welfare. Requiring product testing can reduce consumer uncertainty, but it also increases fixed costs of entry and time to market. Using variation between EU and US...
Persistent link: https://www.econbiz.de/10012457685
Persistent link: https://www.econbiz.de/10012205850
We study the impact of regulating product entry and quality information requirements on an oligopoly equilibrium and consumer welfare. Product testing can reduce consumer uncertainty, but also increase entry costs and delay entry. Using variation between EU and US medical device regulations, we...
Persistent link: https://www.econbiz.de/10014035119
Persistent link: https://www.econbiz.de/10010461770
Persistent link: https://www.econbiz.de/10012536537
In markets where buyers and suppliers negotiate, supplier costs, buyer willingness-to-pay, and competition determine only a range of potential prices, leaving the final price dependent on other factors (e.g. negotiating skill), which I call bargaining ability. I use a model of buyer demand and...
Persistent link: https://www.econbiz.de/10014041131
Using a detailed dataset of hospitals' purchase orders, we find that information on purchasing by peer hospitals leads to reductions in the prices hospitals negotiate for supplies. Identification is based on staggered access to information across hospitals over time. Within coronary stents,...
Persistent link: https://www.econbiz.de/10012997889
Many important issues in business-to-business markets involve price discrimination and negotiated prices, situations where theoretical predictions are ambiguous. This paper uses new panel data on buyer-supplier transfers and a structural model to empirically analyze bargaining and price...
Persistent link: https://www.econbiz.de/10013038405