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https://hdl.handle.net/1822/11663
Título: | Regulation, generic competition and pharmaceutical prices : theory and evidence from a natural experiment |
Autor(es): | Brekke, Kurt R. Holmås, Tor Helge Straume, Odd Rune |
Palavras-chave: | Pharmaceuticals Regulation Generic competition |
Data: | 2008 |
Editora: | Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) |
Citação: | BREKKE, Kurt R. ; HOLMAS, Tor Helge; STRAUME, Odd Rune – “Regulation, generic competition and pharmaceutical prices : theory and evidence from a natural experiment” [Em linha]. Braga : Núcleo de Investigação em Políticas Económicas, 2008. [Consult. 7 Fev. 2011]. Disponível em WWW:<URL:http://www3.eeg.uminho.pt/economia/nipe/docs/2008/NIPE_WP_1_2008.PDF>. |
Resumo(s): | 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. We exploit a detailed panel dataset at product level covering a wide set of off-patent drugs before and after the policy reform. Off-patent drugs not subject to reference pricing serve as our control group. We find that RP leads to lower relative prices, with the effect being driven by strong brand-name price reductions, and not increases in generic prices. We also find that RP increases generic competition, resulting in lower brand-name market shares. Finally, we show that RP has a strong negative effect on average prices at molecule level, suggesting significant cost-savings. |
Tipo: | Documento de trabalho |
URI: | https://hdl.handle.net/1822/11663 |
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_1_2008.pdf | Documento principal | 322,7 kB | Adobe PDF | Ver/Abrir |