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We develop a model in which firms set impersonal salary levels before matching
with workers. Wages fall relative to any competitive equilibrium while profits rise
almost as much, implyin...
Perverse reverse price competition:Average wholesale prices and Medicaid pharmaceutical spending
Medicaid Reimbursement policy Prescription drugs Competition
2015/7/17
Generic drugs comprise an increasing share of total prescriptions dispensed in the U.S., rising from nearly 50% in 1999 to 75% in 2009. The generic drug market has typically been viewed at the wholesa...
The relationship between the number of Örms and price competition is a central issue in economics. To explore this relationship, we modify Varianís (1980) model and assume that Örms are priv...
The Failure of Price Competition in the Turkish Credit Card Market
banking credit cards price competition system GMM
2011/8/23
The failure of competition and the consequent high and sticky interest rates in credit card markets have recently been the subject of considerable debate and research. This paper presents the first re...