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A country's pharmaceutical policy is unique, just like its culture. Japan is no exception. Japan has employed a unique dynamic price-control rule that updates regulated retail prices based on the previous period's transaction prices. At the same time, separation of prescribing and dispensing has...
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. In this market, physicians often both prescribe and dispense drugs and can pocket profits in so doing. A concern is that …, due to the incentive created by the markup, physicians' prescription decisions may be distorted. Empirical results using … anti-hypertensive drugs suggest that physicians' prescription choices are influenced by the markup. However, physicians are …
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