Drug price differentials caused by de-listing and price cap policies
This paper analyses the behaviour of pharmaceutical companies that face the threat of having their drugs excluded from reimbursement and the markets characterised also by price caps. We conclude that price elasticity of demand and cost differentials cause the price discounts which drug firms offer to health care organisations. Additionally, we conclude that price cap regulations affect the time path of prices, resulting in higher prices for new products and lower prices for old products.
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|Date of creation:||2001|
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- Gene M. Grossman & Elhanan Helpman, 1993.
"Endogenous Innovation in the Theory of Growth,"
NBER Working Papers
4527, National Bureau of Economic Research, Inc.
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- Michael Spence, 1976. "Product Selection, Fixed Costs, and Monopolistic Competition," Review of Economic Studies, Oxford University Press, vol. 43(2), pages 217-235.
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