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pharmaceuticals in the U.S. The estimated demand curve is then used to simulate the value of consumer surplus gains from a drug price …This paper uses national data for the period 1960 to 2000 to estimate an aggregate private consumer demand for …. Recent research on the value of pharmaceuticals suggests that the social benefits of a new drug may be far greater than this …
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A non-trivial fraction of people cannot afford to buy pharmaceutical products at unregulated market prices. This paper analyses the public insurance of a patent-protected pharmaceutical product in terms of price controls and socially optimal third-degree price discrimination. First, the paper...
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A non-trivial fraction of people cannot afford to buy pharmaceutical products at unregulated market prices. Therefore, the paper analyzes the public insurance of the pharmaceutical products in terms of price controls and the socially optimal third-degree price discrimination. It characterizes...
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in reducing pharmaceuticals prices. Results are not as strong for demand side measures. Profit controls and the use of …
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