Lower prices wanted

Democratization is more than lower prices.

No. 219, 63 (2003). 3. J. Ma, R. Wollmann, S. Lindquist, Science 298, 1781

Diagnosis Wanted

Wanted—Skulls

In order to determine the characters of a race, it is necessary that comparison should be made of at least twenty skulls. It is further desirable to have as many of the bones of the skeleton as possible, as comparison of pelvic and long bones give important results in determining race peculiarities. The Hunterian Museum, now under the direction of Professor Flower, F. E. S., is especially inter...

Why Do Larger Buyers Pay Lower Prices? Intense Supplier Competition

The paper provides a theoretical explanation of the common claim that larger buyers pay lower prices. In the model, suppliers compete more aggressively for the business of larger buyers, much as they do in “boom” periods in Rotemberg and Saloner (1986).

Coordinating on lower prices: pharmaceutical pricing under political pressure.

We investigate the effects of political activity on pharmaceutical prices, focusing on the health care reform period in the early 1990s.We characterize firms based on their vulnerability to future price regulation and find that the more vulnerable firms were more likely to take various actions to forestall regulation, most notably coordinating on a specific percentage price increase during 1993...