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author = "Cabrales, Antonio"
1 2 3 4 > >>

Found 32 documents, displaying page 1 of 4

The Determinants of pricing in pharmaceuticals : are U.S. prices really higher than those of Canada?

Author(s) : Cabrales, Antonio
Description : This paper studies price determination in pharmaceutical markets using data for 25 countries, six years and a comprehensive list of products from the MIDAS IMS database. We show that market power and the quality of the product has a significantly positive impact of prices. The nationality of the pro...
Repository : Dipòsit Digital de Documents de la UAB
Language(s) : English

Adaptive Dynamics and the Implementation Problem with Complete Information

Author(s) : Cabrales, Antonio
Description : This paper studies the equilibrating process of several implementation mechanisms using naive adaptive dynamics. We show that the dynamics converge and are stable, for the canonical mechanism of implementation in Nash equilibrium. In this way we cast some doubt on the criticism of ``complexity'' com...
Repository : e-Repositori UPF
Language(s) : English

Pharmaceutical Generics, Vertical Product Differentiation, and Public Policy

Author(s) : Cabrales, Antonio
Description : This paper studies oligopolistic competition in off-patent pharmaceutical markets using a vertical product differentiation model. This model can explain the observation that countries with stronger regulations have smaller generic market shares. It can also explain the differences in observed regula...
Repository : e-Repositori UPF
Language(s) : English

Job Dynamics, Correlated Shocks and Wage Profiles

Author(s) : Cabrales, Antonio , Hopenhayn, Hugo Andrés
Description : We generalize the Mortensen-Pissarides (1994) model of the labor market with a more realistic structure for the stochastic process of the shocks to the worker-firm match. In this way we can acommodate the empirical observation that hazard rates of job termination decrease and average wages increase ...
Repository : e-Repositori UPF
Language(s) : English

An Experiment on Nash Implementation

Author(s) : Cabrales, Antonio , Charness, Gary
Description : We perform an experimental test of Maskin's canonical mechanism for Nash implementation, using 3 subjects in non-repeated groups, as well as 3 outcomes, states of nature, and integer choices. We find that this mechanism succesfully implements the desired outcome a large majority of the time and an i...
Repository : e-Repositori UPF
Language(s) : English

Implementation, Elimination of Weakly Dominated Strategies and Evolutionary Dynamics

Author(s) : Cabrales, Antonio , Ponti, Giovanni
Description : This paper is concerned with the realism of mechanisms that implement social choice functions in the traditional sense. Will agents actually play the equilibrium assumed by the analysis? As an example, we study the convergence and stability properties of Sj\"ostr\"om's (1994) mechanism, on the assum...
Repository : e-Repositori UPF
Language(s) : English

Social Preferences and Skill Segregation

Author(s) : Cabrales, Antonio , Calvo, Antoni
Description : This paper shows that models where preferences of individuals depend not only on their allocations, but also on the well-being of other persons, can produce both large and testable effects. We study the allocation of workers with heterogeneous productivities to firms. We show that even small deviati...
Repository : e-Repositori UPF
Language(s) : English

Country Asymmetries, Endogenous Product Choice and the Speed of Trade Liberalization

Author(s) : Cabrales, Antonio , Motta, Massimo
Description : In a world with two countries which differ in size, we study the impact of (the speed of) trade liberalization on firms' profits and total welfare of the countries involved. Firms correctly anticipate the pace of trade liberalization and take it into account when deciding on their product choices, w...
Repository : e-Repositori UPF
Language(s) : English

Optimal Contracts, Adverse Selection, and Social Preferences: An Experiment

Author(s) : Cabrales, Antonio , Charness, Gary
Description : It has long been standard in agency theory to search for incentive-compatible mechanisms on the assumption that people care only about their own material wealth. However, this assumption is clearly refuted by numerous experiments, and we feel that it may be useful to consider nonpecuniary utility in...
Repository : e-Repositori UPF
Language(s) : English

An impure public good model with lotteries in large groups

Author(s) : Cabrales, Antonio , Lugo, Haydée
Description : We analyze the effect of a large group on an impure public goods model with lotteries. We show that as populations get large, and with selfish preferences, the level of contributions converges to the one given by voluntary contributions. With altruistic preferences (of the warm glow type), the contr...
Repository : EPrints Complutense
Language(s) : English
1 2 3 4 > >>

Found 32 documents, displaying page 1 of 4