منابع مشابه
Wholesale Price Discrimination and Parallel Imports
We develop a model of vertical pricing in which an original manufacturer sets wholesale prices in two markets integrated at the distributor level by parallel imports (PI). In this context we show that if competition policy requires uniform wholesale prices across locations it would push retail prices toward convergence as transportation costs fall. However, these retail prices could be higher t...
متن کاملMarket Segmentation, Parallel Imports, and Incomplete Price Discrimination: The Welfare Effects of Regulations∗
We consider a regulated monopolist that faces a continuum of markets (e.g., [0, 1]) although a finite number k of prices must be charged. As a function of the integer k, we provide the optimal profit policy defined as the optimal market segmentation and the discriminatory prices. The social welfare is maximized for three prices, but the result is far below the benchmark, the welfare under the R...
متن کاملInter - temporal Price Discrimination when Imports are Restricted by Quotas
A dominant firm holding import quota engages in inter-temporal price discrimination when facing a competitive fringe engaged in seasonal production. This causes a welfare loss that comes in addition the loss attributable to limitation of imports below the free trade level. JEL classification: F12, F13
متن کاملDoughnut holes and price controls.
In 2003 citizens of Canada, the United Kingdom, and France paid an average of 34-59 percent of what Americans paid for a similar market basket of pharmaceuticals. If the Medicare program were to pay comparable prices for pharmaceuticals, it would be possible to eliminate the "doughnut hole" in its prescription drug benefit and keep Medicare drug spending within the overall limits established by...
متن کاملIntellectual Property Rights, Parallel Imports and Strategic Behavior
The existence of parallel imports (PI) raises a number of interesting policy and strategic questions, which are the subject of this survey article. For example, parallel trade is essentially arbitrage within policy-integrated markets of IPR-protected goods, which may have different prices across countries. Thus, we analyze fully two types of price differences that give rise to such arbitrage. F...
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ژورنال
عنوان ژورنال: The RAND Journal of Economics
سال: 2008
ISSN: 0741-6261,1756-2171
DOI: 10.1111/j.0741-6261.2008.00019.x