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New drug price order may bring in monopoly - The New Indian Express - 2 views

newindianexpress.com/...article1602951.ece

shared by Keisuke Ozeki on 31 May 13 - No Cached

- Keisuke Ozeki on 31 May 13
  
  Positive Externality, Merit Good
  
  <div class="cArrow"> </div><div class="cContentInner">Positive Externality, Merit Good</div>
  
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the new price regime would bring in monopoly in the sector.
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- Keisuke Ozeki on 31 May 13
  
  Would it bring in a monopoly? - Evaluation
  
  <div class="cArrow"> </div><div class="cContentInner">Would it bring in a monopoly? - Evaluation</div>
  
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...5 more annotations...
While the earlier drug price control order covered only 74 bulk drugs and formulations
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- Keisuke Ozeki on 31 May 13
  
  Note that maximum price level existed previously, but at a lower level.
  
  <div class="cArrow"> </div><div class="cContentInner">Note that maximum price level existed previously, but at a lower level.</div>
  
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As per the new price control order, the ceiling price of an essential drug will be the simple average of all brands with a market share of at least one per cent.
- Keisuke Ozeki on 12 Jun 13
  
  Decrease in demand temporarily as there is an expectation of decrease in price.
  
  <div class="cArrow"> </div><div class="cContentInner">Decrease in demand temporarily as there is an expectation of decrease in price.</div>
  
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But, large companies will get a monopoly in pricing as they can manipulate price structure together.
- Keisuke Ozeki on 12 Jun 13
  
  Creating cartels to increase the price together - Oligopoly, few large firms dominating the market.
  
  <div class="cArrow"> </div><div class="cContentInner">Creating cartels to increase the price together - Oligopoly, few large firms dominating the market.</div>
  
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The experts in the industry point out that the small players in the field will eventually be wiped out when the new price control regime will come into effect.
- Keisuke Ozeki on 12 Jun 13
  
  Evaluation - Assumption made that the large firms are going to form cartels. If they don't, this will not occur. For the government to prevent this, they can create anti-cartel regulations
  
  <div class="cArrow"> </div><div class="cContentInner">Evaluation - Assumption made that the large firms are going to form cartels. If they don't, this will not occur. For the government to prevent this, they can create anti-cartel regulations</div>
  
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Premier League fans rage over ticket prices after new TV deal said to earn millions | F... - 3 views

www.theweek.co.uk/...r-ticket-prices-tv-money-rises

shared by Keisuke Ozeki on 30 May 13 - No Cached

- Keisuke Ozeki on 30 May 13
  
  Taking advantage of consumers with inelastic demand for football
  
  <div class="cArrow"> </div><div class="cContentInner">Taking advantage of consumers with inelastic demand for football</div>
  
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increased ticket prices make little difference to a club's overall revenue.
- Keisuke Ozeki on 31 May 13
  
  Price increase does not lead to revenue increase
  
  <div class="cArrow"> </div><div class="cContentInner">Price increase does not lead to revenue increase</div>
  
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hiking the cost of a season ticket "despite failing to deliver Champions League football".
- Keisuke Ozeki on 31 May 13
  
  Inelastic Demand Curve - people still decide to support despite their underachievement
  
  <div class="cArrow"> </div><div class="cContentInner">Inelastic Demand Curve - people still decide to support despite their underachievement</div>
  
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...1 more annotation...
one in ten season ticket holders at a top-flight club would not renew their pass next season because of the cost, and almost a quarter were unsure if they could afford to buy another season ticket.
- Keisuke Ozeki on 31 May 13
  
  Losing buyers
  
  <div class="cArrow"> </div><div class="cContentInner">Losing buyers</div>
  
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