Advanced Search
MyIDEAS: Login to save this article or follow this journal

The Effect of the Reference Price System on Prices of Medicinal Products

Contents:

Author Info

  • Romana Kajdiz

    (Agency for medicinal productand medical devices of the Republic of Slovenia, Slovenia)

  • Stefan Bojnec

    (University of Primorska, Slovenia)

Registered author(s):

    Abstract

    The reference price system in Slovenia is used with the aim of managing and reducing public expenditures for medicinal products. We aim to investigate whether the reference price system has had an effect on real price reductions for medicinal products. We present the reference price regulation system for medicinal products and empirically estimate the effect of price regulation on the development of real prices for medicinal products and its economic rationale. The main thesis that the nominal and real prices for medicinal products have declined during price regulation is revealed by the Laspeyres index and Wilcoxon signed ranks test, by confirming the existence of statistically significant differences in prices for medicinal products. Therefore, we adopt the alternative hypothesis that prices for medicinal products have declined during the price regulation system. The reference price regulation system, with an efficient use of medicinal products and their efficient supply, could have positive effects on management and reduction of public expenditure for medicinal products.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.fm-kp.si/zalozba/ISSN/1854-4231/5_053-067.pdf
    File Function: full text in Slovene
    Download Restriction: no

    File URL: http://www.fm-kp.si/zalozba/ISSN/1854-4231/5_093-095.pdf
    File Function: abstract in English
    Download Restriction: no

    Bibliographic Info

    Article provided by University of Primorska, Faculty of Management Koper in its journal Management.

    Volume (Year): 5 (2010)
    Issue (Month): 1 ()
    Pages: 053-067

    as in new window
    Handle: RePEc:mgt:youmng:v:5:y:2010:i:1:p:053-067

    Contact details of provider:
    Postal: Cankarjeva 5, SI-6104 Koper, PO BOX 345
    Phone: 05 610 20 00
    Fax: 05 610 20 15
    Email:
    Web page: http://www.mng.fm-kp.si
    More information through EDIRC

    Order Information:
    Email:
    Web: http://www.mng.fm-kp.si

    Related research

    Keywords: prices for medicinal products; price regulation for medicinal products; reference price system; Slovenia;

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:mgt:youmng:v:5:y:2010:i:1:p:053-067. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alen Jezovnik).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.