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roughly doubled. The price response to generic entry of brand-name products has been a source of controversy. In this paper we … estimate models of price responses to generic entry in the market for brand-name and generic drugs. We study a sample of 32 … drugs that lost patent protection during the early to mid-1980s. Our results provide strong evidence that brand-name prices …
Persistent link: https://www.econbiz.de/10014158702
Efforts to strengthen the global patent system for pharmaceuticals continue to be controversial, and what will likely …
Persistent link: https://www.econbiz.de/10013224385
We examine the role of network effects in the demand for pharmaceuticals at both the brand level and for a therapeutic … hedonic price procedures to estimate how the aggregate usage of a drug affects brand valuation. Second, we estimate discrete …-time diffusion models at both the industry and brand levels to measure the impact on rates of diffusion and market saturation …
Persistent link: https://www.econbiz.de/10013240623
branded pharmaceuticals. We then present a theoretical framework for the pricing of branded pharmaceuticals, without and then …
Persistent link: https://www.econbiz.de/10013139118
affects prices to retail pharmacies, plausibly because uncertain quality leads to competition on brand rather than price …
Persistent link: https://www.econbiz.de/10013122879
competition after entry. However, less attention has been paid to pricing behavior in anticipation of brand-to-brand competition …
Persistent link: https://www.econbiz.de/10012925274
The pricing of medical products and services in the U.S. is notoriously complex. In health care, supply prices (those received by the manufacturer) are distinct from demand prices (those paid by the patient) due to health insurance. The insurer, in designing the benefit, decides what prices...
Persistent link: https://www.econbiz.de/10013128277
We examine the role of consumption externalities in the demand for pharmaceuticals at both the brand level and over a … brand valuation; equations relating equilibrium market shares to quality-adjusted prices and marketing levels; and diffusion … of diffusion, but that they operate at the brand and not the therapeutic class level …
Persistent link: https://www.econbiz.de/10013211641
The support for scientific investigation in biomedicine depends in part on the adoption of new knowledge into medical practice. We investigate how a technological advance, in the form of a large and influential 2010 randomized controlled study, changed physician practice in statin (a medication...
Persistent link: https://www.econbiz.de/10012863696
Prescription pharmaceuticals are frequently used consumer products, whose manufacturing location is commonly held as a … and trends in the manufacturing locations of the most commonly used prescription pharmaceuticals, off-patent generic drugs …
Persistent link: https://www.econbiz.de/10012858044