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This paper examines competition between generic and brand-name drugs in the regulated Spanish pharmaceutical market. A …
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Although personalized medicine is becoming the new paradigm to manage some diseases, the economics of personalized medicine have only focused on assessing the efficiency of specific treatments, lacking a theoretical framework analyzing the interactions between pharmaceutical firms and healthcare...
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We study the impact of regulatory regimes on generic competition and pharmaceutical pricing using a unique policy … experiment in Norway, where reference pricing (RP) replaced price cap regulation in 2003 for a sub-sample of off-patent products … that RP increases generic competition, resulting in lower brand-name market shares. Finally, we show that RP has a strong …
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