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rapid rise in direct-to-consumer advertising (DTCA), made feasible by the Food and Drug Administration's (FDA) clarification … and relaxation of the rules governing broadcast advertising in 1997 and 1999. This study investigates the separate effects … of broadcast and non-broadcast DTCA on price and demand, utilizing an extended time series of monthly records for all …
Persistent link: https://www.econbiz.de/10012462683
focus is on free riding, our evidence on pricing practices is germane to the growing literature on price dispersion on the …
Persistent link: https://www.econbiz.de/10012470662
equilibrium price effects of coupons, we employ individual-level data to estimate a discrete choice model of demand for multiple … sclerosis drugs. We use our demand estimates to parameterize a model of drug price negotiations. For this category of drugs, we …
Persistent link: https://www.econbiz.de/10012938704
There is wide dispersion in pharmaceutical prices across countries with comparable quality standards. Under monopoly, off-patent and generic drug prices are at least four times higher in the United States than in comparable English-speaking high income countries. With five or more competitors,...
Persistent link: https://www.econbiz.de/10012629426
agencies and private organizations all conducting investigations into the pricing patterns for generic drugs. Price spikes for … selected old, off-patent drugs have also been widely reported in the media. To place these generic price increases into context …, we construct two chained Laspeyres consumer price indexes (CPIs), using the 2007-2016 IBM MarketScan Commercial Claims …
Persistent link: https://www.econbiz.de/10012480066
Generic utilization rates have risen substantially since the enactment of The Drug Price Competition and Patent Term …
Persistent link: https://www.econbiz.de/10012462928
This paper examines the relationship between drug price and drug quality and how it varies across two of the most … standards and price control mechanisms (MES+PC). Through a simple model of adverse selection we model the interaction between … greater incentives to produce high quality drugs. Second, an MES+PC mix reduces the difference in price between the highest …
Persistent link: https://www.econbiz.de/10012464081
region. This paper evaluates the effect of this program on the price and utilization of pharmaceutical treatments … potentially negotiate price discounts through their ability to influence the market share of specific treatments. Using data on … the average price and increased the total utilization of prescription drugs by Medicare recipients. Our results further …
Persistent link: https://www.econbiz.de/10012464730
The introduction of Medicare Part D has generated interest in the cost of providing drug coverage to the elderly. Of paramount importance -- often unaccounted for in budget estimates -- are the salutary effects that increased prescription drug use might have on other Medicare spending. This...
Persistent link: https://www.econbiz.de/10012465291
The controversy over whether and how much to charge for health products in the developing world rests, in part, on whether higher prices can increase use, either by targeting distribution to high-use households (a screening effect), or by stimulating use psychologically through a sunk-cost...
Persistent link: https://www.econbiz.de/10012465405