search query: @author Ellison, S. / total: 1
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| Author: | Ellison, S. |
| Title: | Characteristics of demand for pharmaceutical products: an examination of four cephalosporins |
| Journal: | RAND Journal of Economics
1997 : AUTUMN, VOL. 28:3, p. 426-446 |
| Index terms: | PHARMACEUTICAL INDUSTRY ECONOMICS ELASTICITY OF DEMAND |
| Language: | eng |
| Abstract: | The authors model demand for four cephalosporins and compute own and cross-price elasticities between branded and generic versions of the four drugs. The authors model demand as a multistage budgeting problem, and they argue that such a model is appropriate to the multistage nature of the purchase of pharmaceutical products, in particular the prescribing and dispensing stages. The authors find quite high elasticities between generic substitutes and also significant elasticities between some therapeutic substitutes. |
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