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Une approche hedonique de la formation des prix des médicaments remboursables

Author

Listed:
  • Stéphane Jacobzonne
  • Edouard Martin
  • Vincent Perrin
  • Julien Werle

Abstract

[fre] Une approche hédonique de la formation des prix des médicaments remboursables par Stéphane Jacobzone, Edouard Martin, Vincent Perrin et Julien Werle . Une modélisation hédonique permet de formaliser le processus de formation des prix dans le cas du médicament remboursable. Les données utilisées couvrent 24 % du marché français sur la période 1980-1993, permettent de décrire les propriétés physico-chimiques des produits, et ont été appariées avec des données issues d'enquêtes auprès des entreprises. Elles couvrent deux classes thérapeutiques (antiulcéreux et pansements gastro-intestinaux, antihypertenseurs). . La moitié, voire les deux tiers, de la variance des prix en coupe peut être expliquée par les caractéristiques chimiques et pharmacologiques des produits ainsi que par le conditionnement. L'estimation sur données de panel permet d'obtenir des indices de prix hédoniques, en séparant les effets de renouvellement de produits de ceux de déformation du marché. Ces indices ajustés par la qualité évoluent plus rapidement que les indices statistiques officiels, de l'ordre de 20 %. La dynamique des prix est également liée au caractère du produit, innovant ou non. Ce biais, original au niveau international, serait lié aux possibilités de substitutions stratégiques entre produits, au bénéfice de produits plus récents et plus coûteux. [eng] Reimboursed drugs price setting: a hedonic approach by Stéphane Jacobzone, Edouard Martin, Vincent Perrin and Julien Werle . A hedonic pricing model is used to describe price setting in the case of reimbursed drugs in France. The data used cover 24 % of the French market over the period 1980-1993, allow for a detailed description of physical and chemical properties of the products, and have been matched with business survey data. They pertain to two main therapeutic classes (anti-ulcer drugs, antihypertensive drugs). . lucts, from . the effects of changing market structure. These indices, which are adjusted for quality, grow more rapidly than official indices, the bias averaging 20 %. Price dynamics also depend on whether the product is innovative or not. This effect has not been found in other studies. It suggests that given their environment firms have an incentive to introduce, new - and therefore more expensive- drugs.

Suggested Citation

  • Stéphane Jacobzonne & Edouard Martin & Vincent Perrin & Julien Werle, 1997. "Une approche hedonique de la formation des prix des médicaments remboursables," Économie et Prévision, Programme National Persée, vol. 129(3), pages 73-99.
  • Handle: RePEc:prs:ecoprv:ecop_0249-4744_1997_num_129_3_5865
    Note: DOI:10.3406/ecop.1997.5865
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    References listed on IDEAS

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    1. Brent R. Moulton, 1996. "Bias in the Consumer Price Index: What Is the Evidence?," Journal of Economic Perspectives, American Economic Association, vol. 10(4), pages 159-177, Fall.
    2. Franklin M. Fisher & Zvi Griliches, 1995. "Aggregate Price Indices, New Goods, and Generics," The Quarterly Journal of Economics, Oxford University Press, vol. 110(1), pages 229-244.
    3. Griliches, Zvi & Cockburn, Iain, 1994. "Generics and New Goods in Pharmaceutical Price Indexes," American Economic Review, American Economic Association, vol. 84(5), pages 1213-1232, December.
    4. Judith K. Hellerstein, 1994. "The Demand for Post-Patent Prescription Pharmaceuticals," NBER Working Papers 4981, National Bureau of Economic Research, Inc.
    5. Cowling, Keith & Cubbin, John, 1972. "Hedonic Price Indexes for United Kingdom Cars," Economic Journal, Royal Economic Society, vol. 82(327), pages 963-978, September.
    6. Jensen, Gail A & Morrisey, Michael A, 1990. "Group Health Insurance: A Hedonic Price Approach," The Review of Economics and Statistics, MIT Press, vol. 72(1), pages 38-44, February.
    7. Yves Guillotin & Patrick Sevestre, 1994. "Estimations de fonctions de gains sur données de panel : endogéneité du capital humain et effets de la sélection," Économie et Prévision, Programme National Persée, vol. 116(5), pages 119-135.
    8. Feenstra, Robert C, 1997. "Generics and New Goods in Pharmaceutical Price Indexes: Comment," American Economic Review, American Economic Association, vol. 87(4), pages 760-767, September.
    9. Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74, pages 132-132.
    10. Bitros, George C & Panas, Epaminondas E, 1988. "Measuring Product Prices under Conditions of Quality Change: The Case of Passenger Cars in Greece," Journal of Industrial Economics, Wiley Blackwell, vol. 37(2), pages 167-186, December.
    11. Abbott, Thomas III, 1995. "Price regulation in the pharmaceutical industry: Prescription or placebo?," Journal of Health Economics, Elsevier, vol. 14(5), pages 551-565, December.
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    Cited by:

    1. Stéphane Jacobzone, 1998. "Le rôle des prix dans la régulation du secteur pharmaceutique," Économie et Statistique, Programme National Persée, vol. 312(1), pages 35-53.

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