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| Author: | Pavecnik, N. |
| Title: | Do pharmaceutical prices respond to potential patient out-of-pocket expenses? |
| Journal: | RAND Journal of Economics
2002 : AUTUMN, VOL. 33:3, p. 469-487 |
| Index terms: | Pharmaceutical industry Prices Consumer expenditure Brands Product preference Germany |
| Language: | eng |
| Abstract: | The author examines the link between potential patient out-of-pocket expenses and pharmaceutucal pricing using a unique policy experiment from Germany. Using a product-level panel dataset covering several therapeutic categories, the author finds that producers significantly decrease prices after the change in potential patient out-of-pocket expenses. Price declines are most pronounced for brand-name products. Moreover, branded products that face more generic competitors reduce prices more. |
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