Garcia Marinoso, Begona; Jelovac, Izabella; Olivella, Pau - Université Paris-Dauphine (Paris IX) - 2011
External referencing (ER) imposes a price cap for pharmaceuticals, based on prices of identical or comparable products in foreign countries. Suppose a foreign country (F) negotiates prices with a pharmaceutical firm, whereas a home country (H) can either negotiate prices independently or...