Santerre, Rexford E.; Vernon, John A. - In: Southern Economic Journal 73 (2006) 1, pp. 233-245
We use national data from 1960 to 2000 to estimate the demand for pharmaceuticals in the United States. We then simulate consumer surplus gains from a hypothetical drug price control policy that would have limited drug price increases to the rate of inflation from 1981 to 2000. Using a range of...