Price-matching policy and the principle of minimum differentiation

Article Abstract:

A study has demonstrated that collusive results such as market price increase are generated when each company promises to match or beat the prices of its competitors. The competition is not inhibited when pricing wars are controlled. Instead, the companies' competition for market shares are diverted to their choices of product locations. The degree of product differentiation is reduced as a result of the price-matching practice.

Research, Economic aspects, Pricing, Business economics, Managerial economics

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Professor Sutton's 'Technology and Market Structure'

Article Abstract:

John Sutton's book on a reserach in industrial economics is reviewed by F. M. Scherer. The book uses the bounds approach explaining that technological advances which achieved decisive product differentiation or production cost advantages stayed within the boundary.

Periodicals, Periodical Publishers, Usage, Innovations, High technology, Periodical publishing, Products, Criticism and interpretation, Economies of scale, "Technology and Market Structure" (Book)

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A note on global welfare in pharmaceutical patenting

Article Abstract:

The welfare aspects of modern day pharmaceutical patenting systems are assessed.

Pharmaceutical preparations, Public affairs, Patents & copyrights, Patent Owners & Lessors, Lessors of Nonfinancial Intangible Assets (except Copyrighted Works), Patent owners and lessors, Social aspects, Pharmaceutical industry, Intellectual property, Patent licenses, Patent licensing, Patent licencing

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