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This paper provides evidence for the effectiveness of performance pay to government workers and how performance pay interacts with demand-side information. In an experiment covering 145 child day-care centres, I implement three separate treatments. First, I engineer an exogenous change in...
Persistent link: https://www.econbiz.de/10015225942
This paper investigates patterns of industrial dynamics and competition in the pharmaceutical industry, with particular reference to the consequences of patent expiry in different countries. We focus on the competition at the level of single chemical entities, distinguishing between original...
Persistent link: https://www.econbiz.de/10015217415
In this first-time-ever such study of the adult female population in the state of Florida, the percentage of the women 18 to 44 years of age within each county in the state of Florida in 2007 who had received a Pap smear during the past year was a decreasing function of the percentage of women...
Persistent link: https://www.econbiz.de/10015238411
We study a regulation in Chile that mandates warning labels on products whose sugar or caloric concentration exceeds certain thresholds. We show that consumers substitute from labeled to unlabeled products—a pattern mostly driven by products that consumers mistakenly believe to be healthy. On...
Persistent link: https://www.econbiz.de/10015268596
There has been a fundamental development in theory and understanding of market, private, collective and public organizations in recent years. This paper incorporates achievements of the interdisciplinary New Institutional and Transaction Costs Economics (combining Economics, Organization, Law,...
Persistent link: https://www.econbiz.de/10015223744
We study the exit of hospitals from the market for inpatient services. More generous hospital reimbursement … significantly reduces the probability of exit throughout the 1990s. Conditional on reimbursement levels, hospital efficiency was not …-profit hospitals were more likely to exit. The role of Medicare as a determinant of exit became less important in the latter half of …
Persistent link: https://www.econbiz.de/10015223065
generics for price-sensitive patients is faster than that for price-insensitive patients, causing the proportion of price …-insensitive patients faced by brand-name firms to slowly increase over time; (b) the brand-name price elasticities of demand (evaluated at …
Persistent link: https://www.econbiz.de/10015252651
We test the predictions of the sticky information model using a survey dataset by comparing the shoppers’ accuracy in recalling the prices of regulated and comparable unregulated products. Regulated product prices change less frequently, vary less across stores and between brands, and are sold...
Persistent link: https://www.econbiz.de/10015214769
The static differentiated product demand model when applied to products with rapid product turnover and declining prices, yields implausible results. One response is to explicitly model the inter-temporal choices of consumers but computational demands require restrictive assumptions on consumer...
Persistent link: https://www.econbiz.de/10015215655
We document an asymmetry in the rigidity of 9-ending prices relative to non-9-ending prices. Consumers have difficulty noticing higher prices if they are 9-ending, or noticing price-increases if the new prices are 9-ending, because 9-endings are used as a signal for low prices. Price setters...
Persistent link: https://www.econbiz.de/10015262673