search query: @indexterm PUBLIC POLICY / total: 408
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| Author: | |
| Title: | Agency theory, drug formularies, and drug product selection: Implications for public policy |
| Journal: | Journal of Public Policy and Marketing
1998 : FALL, VOL. 17:2, p. 287-295 |
| Index terms: | Pharmaceutical industry Products Public policy Research Agency theory USA |
| Language: | eng |
| Abstract: | In the article, the pharmaceutical utilization system is described and the conceptual framework is presented for agency theory. Then, agency theory is applied to the selection of pharmaceuticals and the role of drug formularies in drug selection. The use of drug formularies can increase the goal conflict and uncertainty related to the selection of drug products. The authors address public policy and research directions to suggest ways of reducing the level of goal conflict and uncertainty associated with drug selection. Recognition of agency relationships and the environment surrounding agency relationships appear to be important for the development and analysis of future policy regarding selection decisions pertaining to pharmaceuticals. |
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