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Price Sensitivity of Demand for Prescription Drugs: Exploiting a Regression Kink Design
Simonsen, Marianne; Skipper, Lars; Skipper, Niels - School of Economics and Management, University of Aarhus - 2010
This paper investigates price sensitivity of demand for prescription drugs using drug purchase records for at 20 …% random sample of the Danish population. We identify price responsiveness by exploiting exogenous variation in prices caused … price sensitivity for different subpopulations and types of drugs. The results suggest low average price responsiveness with …
Persistent link: https://www.econbiz.de/10008456820
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Reference pricing with endogenous generic entry.
Brekke, Kurt R.; Canta, Chiara; Straume, Odd Rune - Institutt for samfunnsøkonomi, Norges Handelshøyskole … - 2015
price cap regulation, we show that the negative effect on generic entry can be reversed, and that reference pricing is more …
Persistent link: https://www.econbiz.de/10011261212
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Reference pricing with endogenous generic entry
Brekke, Kurt R.; Canta, Chiara; Straume, Odd Rune - Núcleo de Investigação em Políticas Económicas … - 2015
. Allowing for price cap regulation, we show that the negative effect on generic entry can be reversed, and that reference …
Persistent link: https://www.econbiz.de/10011203036
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Sinking, Swimming, or Learning to Swim in Medicare Part D
Ketcham, Jonathan D.; Lucarelli, Claudio; Miravete, … - C.E.P.R. Discussion Papers - 2011
Under Medicare Part D, senior citizens choose prescription drug insurance offred by numerous private insurers. We examine non-poor enrollees' actions in 2006 and 2007 using panel data. Our sample reduced overspending by $298 on average, with gains by 81% of them. The greatest improvements were...
Persistent link: https://www.econbiz.de/10009322981
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Plan selection in Medicare Part D: Evidence from administrative data
Heiss, Florian; Leive, Adam; McFadden, Daniel; Winter, … - In: Journal of Health Economics 32 (2013) 6, pp. 1325-1344
We study the Medicare Part D prescription drug insurance program as a bellwether for designs of private, non-mandatory health insurance markets, focusing on the ability of consumers to evaluate and optimize their choices of plans. Our analysis of administrative data on medical claims in Medicare...
Persistent link: https://www.econbiz.de/10010729995
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Pricing and Incentives in Publicly Subsidized Health Care Markets: the Case of Medicare Part D
Decarolis, Francesco - Department of Economics, University of Pennsylvania - 2012
In Medicare Part D, low income individuals receive subsidies to enroll into insurance plans. This paper studies how premiums are distorted by the combined effects of this subsidy and the default assignment of low income enrollees into plans. Removing this distortion could reduce the cost of the...
Persistent link: https://www.econbiz.de/10010559468
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Behavioral Responses to Supply-Side Drug Policy During the Opioid Epidemic
Balestra, Simone; Liebert, Helge; Maestas, Nicole; … - 2022
We investigate behavioral responses to a staggered disruption in the supply of prescription opioids across U.S. states: the introduction of electronic Prescription Drug Monitoring Programs (PDMPs). Using administrative datasets, we find PDMPs curtail the proliferation of prescription opioids....
Persistent link: https://www.econbiz.de/10013266669
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Behavioral Responses to Supply-Side Drug Policy During the Opioid Epidemic
Balestra, Simone; Liebert, Helge; Maestas, Nicole; … - 2022
We investigate behavioral responses to a staggered disruption in the supply of prescription opioids across U.S. states: the introduction of electronic Prescription Drug Monitoring Programs (PDMPs). Using administrative datasets, we find PDMPs curtail the proliferation of prescription opioids....
Persistent link: https://www.econbiz.de/10013351760
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The Effects of Detailing on Prescribing Decisions under Two-Sided Learning
Ching, Andrew; Ishihara, Masakazu - Volkswirtschaftliche Fakultät, … - 2007
A fundamental question in pharmaceutical marketing management is: How does the effectiveness of detailing change when additional information on drugs is revealed via patients' experiences during the product lifecycle? To address this question, we develop a model of detailing and prescribing...
Persistent link: https://www.econbiz.de/10005787016
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On Utilization and Stockpiling of Prescription Drugs when Co-payments Increase: Heterogeneity across Types of Drugs
Skipper, Niels - School of Economics and Management, University of Aarhus - 2010
over time to estimate the price elasticity of demand. This is not the case for penicillin however, where price elasticities … are estimated to be in the -.18 – -.35 range. Further, I find that the lower part of the income distribution is more price …
Persistent link: https://www.econbiz.de/10008560254