IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this book chapter

Price Regulation for Medicinal Products in Slovenia

Listed author(s):
  • Stefan Bojnec

    (University of Primorska, Faculty of Management, Slovenia)

  • Romana Kajdiz

    (Agency for Medicinal Products and Medical Devices of the Republic of Slovenia, Slovenia)

Registered author(s):

    The reference price system is applied in a practice in Slovenia with an aim to manage and reduce public expenditures for medicinal products. This paper aims to investigate whether the reference price system has had the 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 development of real prices for medicinal products, the economic rationale and efficiency of the system. The main thesis that the nominal and real prices for medicinal products have declined during the price regulation system 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.

    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:
    File Function: full text
    Download Restriction: no

    File URL:
    File Function: Conference Programme
    Download Restriction: no

    in new window

    This chapter was published in: Stefan Bojnec & Romana Kajdiz , , pages 185-192, 2012.
    This item is provided by International School for Social and Business Studies, Celje, Slovenia in its series Knowledge and Learning: Global Empowerment; Proceedings of the Management, Knowledge and Learning International Conference 2012 with number 185-192.
    Handle: RePEc:isv:mklp12:185-192
    Contact details of provider: Web page:

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

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

    When requesting a correction, please mention this item's handle: RePEc:isv:mklp12:185-192. 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 JeĹžovnik)

    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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.