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Quality and Location Choices Under Price Regulation

Quality and Location Choices Under Price Regulation PDF Author: Kurt Richard Brekke
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description
In a model of spatial competition, we analyze the equilibrium outcomes in markets where the product price is exogenous. Using an extended version of the Hotelling model, we assume that firms choose their locations and the quality of the product they supply. We derive the optimal price set by a welfarist regulator. If the regulator can commit to a price prior to the choice of locations, the optimal (second-best) price causes overinvestment in quality and an insufficient degree of horizontal differentiation (compared with the first-best solution) if the transportation cost of consumers is sufficiently high. Under partial commitment, where the regulator is not able to commit prior to location choices, the optimal price induces first-best quality, but horizontal differentiation is inefficiently high.

Quality and Location Choices Under Price Regulation

Quality and Location Choices Under Price Regulation PDF Author: Kurt Richard Brekke
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description
In a model of spatial competition, we analyze the equilibrium outcomes in markets where the product price is exogenous. Using an extended version of the Hotelling model, we assume that firms choose their locations and the quality of the product they supply. We derive the optimal price set by a welfarist regulator. If the regulator can commit to a price prior to the choice of locations, the optimal (second-best) price causes overinvestment in quality and an insufficient degree of horizontal differentiation (compared with the first-best solution) if the transportation cost of consumers is sufficiently high. Under partial commitment, where the regulator is not able to commit prior to location choices, the optimal price induces first-best quality, but horizontal differentiation is inefficiently high.

Quality and location choices under price regulation

Quality and location choices under price regulation PDF Author: Kurt R. Brekke
Publisher:
ISBN:
Category : Price regulation
Languages : en
Pages : 24

Book Description


Price Regulation, Quality Competition and Location Choice with Costly Relocation

Price Regulation, Quality Competition and Location Choice with Costly Relocation PDF Author: Burkhard Hehenkamp
Publisher:
ISBN:
Category :
Languages : en
Pages :

Book Description


Health Care Provision and Patient Mobility

Health Care Provision and Patient Mobility PDF Author: Rosella Levaggi
Publisher: Springer Science & Business Media
ISBN: 884705480X
Category : Business & Economics
Languages : en
Pages : 253

Book Description
Patient mobility across Europe is markedly increasing and new generations will actively ask to be treated by the health-care system that best meets their needs. At a political level, the EU issued the EU Directive no. 24/2011/CE of 9th March 2011 concerning the application of patients’ rights in cross-border health care and has contributed to improving the level of freedom of choice for the European citizen, but it does not seem to have increased actual patient mobility across Europe. Freedom to choose is necessary to grant the people of Europe the same access to public-sector health-care services. The latter is a key instrument for an efficiently functioning “single market” ensuring real mobility within the EU. The aim of this book is to study the current European health care market and discuss the hypothesis of a European right of citizenship with reference to health-care services. It examines patients' mobility from several perspectives: determinants of patient mobility, governance of cross-border mobility at EU level as concerns patients and health-care professionals, policy implications, and case studies. It is intended for health researchers, decision-makers and professionals concerned with health-care provision and patient mobility. The goal is to provide, through scientific and methodological rigor, new informative tools useful for the implementation of new policies in the health-care sector in order to implement effective health-care integration in the European Union.

Making Medicines Affordable

Making Medicines Affordable PDF Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
ISBN: 0309468086
Category : Medical
Languages : en
Pages : 235

Book Description
Thanks to remarkable advances in modern health care attributable to science, engineering, and medicine, it is now possible to cure or manage illnesses that were long deemed untreatable. At the same time, however, the United States is facing the vexing challenge of a seemingly uncontrolled rise in the cost of health care. Total medical expenditures are rapidly approaching 20 percent of the gross domestic product and are crowding out other priorities of national importance. The use of increasingly expensive prescription drugs is a significant part of this problem, making the cost of biopharmaceuticals a serious national concern with broad political implications. Especially with the highly visible and very large price increases for prescription drugs that have occurred in recent years, finding a way to make prescription medicinesâ€"and health care at largeâ€"more affordable for everyone has become a socioeconomic imperative. Affordability is a complex function of factors, including not just the prices of the drugs themselves, but also the details of an individual's insurance coverage and the number of medical conditions that an individual or family confronts. Therefore, any solution to the affordability issue will require considering all of these factors together. The current high and increasing costs of prescription drugsâ€"coupled with the broader trends in overall health care costsâ€"is unsustainable to society as a whole. Making Medicines Affordable examines patient access to affordable and effective therapies, with emphasis on drug pricing, inflation in the cost of drugs, and insurance design. This report explores structural and policy factors influencing drug pricing, drug access programs, the emerging role of comparative effectiveness assessments in payment policies, changing finances of medical practice with regard to drug costs and reimbursement, and measures to prevent drug shortages and foster continued innovation in drug development. It makes recommendations for policy actions that could address drug price trends, improve patient access to affordable and effective treatments, and encourage innovations that address significant needs in health care.

Advances in Dynamic and Mean Field Games

Advances in Dynamic and Mean Field Games PDF Author: Joseph Apaloo
Publisher: Birkhäuser
ISBN: 3319706195
Category : Mathematics
Languages : en
Pages : 368

Book Description
This contributed volume considers recent advances in dynamic games and their applications, based on presentations given at the 17th Symposium of the International Society of Dynamic Games, held July 12-15, 2016, in Urbino, Italy. Written by experts in their respective disciplines, these papers cover various aspects of dynamic game theory including mean-field games, stochastic and pursuit-evasion games, and computational methods for dynamic games. Topics covered include Pedestrian flow in crowded environments Models for climate change negotiations Nash Equilibria for dynamic games involving Volterra integral equations Differential games in healthcare markets Linear-quadratic Gaussian dynamic games Aircraft control in wind shear conditions Advances in Dynamic and Mean-Field Games presents state-of-the-art research in a wide spectrum of areas. As such, it serves as a testament to the continued vitality and growth of the field of dynamic games and their applications. It will be of interest to an interdisciplinary audience of researchers, practitioners, and graduate students.

Location Choice and Price Discrimination in a Duopoly

Location Choice and Price Discrimination in a Duopoly PDF Author: Tommaso M. Valletti
Publisher:
ISBN:
Category : Business enterprises
Languages : en
Pages : 52

Book Description


Location Choices Under Quality Uncertainty

Location Choices Under Quality Uncertainty PDF Author: Charalambos Christou
Publisher:
ISBN:
Category : Industrial location
Languages : en
Pages : 26

Book Description


Treasury Decisions Under Customs and Other Laws

Treasury Decisions Under Customs and Other Laws PDF Author: United States. Department of the Treasury
Publisher:
ISBN:
Category : Customs administration
Languages : en
Pages : 1000

Book Description
Vols. for 1904-1926 include also decisions of the United States Board of General Appraisers

The Regulation of Entry

The Regulation of Entry PDF Author: Simeon Djankov
Publisher:
ISBN:
Category : Barriers to entry (Industrial organization)
Languages : en
Pages : 56

Book Description
New data show that countries that regulate the entry of new firms more heavily have greater corruption and larger unofficial economies, but not better quality goods. The evidence supports the view that regulating entry benefits politicians and bureacrats.