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Reference Pricing Versus Co-Payment in the Pharmaceutical Industry: Firm's Pricing Strategies

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Author Info
Marisa Miraldo (Centre for Health Economics, University of York)

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Abstract

Within a horizontally differentiation model and allowing for heterogeneous qualities, we analyze the effects of reference pricing reimbursement on firms’ pricing strategies. With this analysis we find inherent incentives for firms’ pricing behaviour, and consequently we shed some light on time consistency of such policy. The analysis encompasses different reference price rules. Results show that if drugs have equal quality, reference pricing may lead to higher prices. With quality differentiation both the minimum and linear policies unambiguously lead to higher prices.

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File URL: http://www.york.ac.uk/inst/che/pdf/rp27.pdf
File Format: application/pdf
File Function: First version, 2007
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Publisher Info
Paper provided by Centre for Health Economics, University of York in its series Working Papers with number 027cherp.

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Length: 38 pages
Date of creation: Apr 2007
Date of revision:
Handle: RePEc:chy:respap:27cherp

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Ching-to Albert Ma, 1994. "Health Care Payment Systems: Cost and Quality Incentives," Papers 0047, Boston University - Industry Studies Programme.
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  2. Economides, Nicholas, 1984. "The principle of minimum differentiation revisited," European Economic Review, Elsevier, vol. 24(3), pages 345-368, April. [Downloadable!] (restricted)
  3. Fiona M. Scott Morton, 1999. "Entry Decisions in the Generic Pharmaceutical Industry," Yale School of Management Working Papers ysm119, Yale School of Management. [Downloadable!]
  4. Fiona M. Scott Morton, 1999. "Entry Decisions in the Generic Pharmaceutical Industry," RAND Journal of Economics, The RAND Corporation, vol. 30(3), pages 421-440, Autumn. [Downloadable!] (restricted)
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This page was last updated on 2009-11-25.

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