Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/35389
Título: | Does reference pricing drive out generic competition in pharmaceutical markets? Evidence from a policy reform |
Autor(es): | Brekke, Kurt R. Canta, Chiara Straume, Odd Rune |
Palavras-chave: | Pharmaceuticals Reference pricing Generic entry |
Data: | 2015 |
Editora: | Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) |
Resumo(s): | In this paper we study the impact of reference pricing (RP) on entry of generic firms in the pharmaceutical market. For given prices, RP increases generic firms' expected profit, but since RP also stimulates price competition, the impact on generic entry is theoretically ambiguous. In order to empirically test the effects of RP, we exploit a policy reform in Norway in 2005 that exposed a subset of drugs to RP. Having detailed product-level data for a wide set of substances from 2003 to 2013, we find that RP increased the number of generic drugs. We also find that RP increased market shares of generic drugs, reduced the prices of both branded and generic drugs, and led to a (weakly significant) decrease in total drug expenditures. The reduction in total expenditures was relatively smaller than the reduction in average prices, reflecting the fact that lower prices stimulated total demand. |
Tipo: | Documento de trabalho |
URI: | https://hdl.handle.net/1822/35389 |
Versão da editora: | http://www.nipe.eeg.uminho.pt/Uploads/WP_2015/NIPE_WP_06_2015.pdf |
Arbitragem científica: | no |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Documentos de Trabalho |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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NIPE_WP_06_2015.pdf | NIPE WP-06/2015 | 904,37 kB | Adobe PDF | Ver/Abrir |