search query: @author Sorensen, A. / total: 5
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| Author: | Sorensen, A. |
| Title: | Equilibrium price dispersion in retail markets for prescription drugs |
| Journal: | Journal of Political Economy
2000 : AUG, VOL. 108:4, p. 833-850 |
| Index terms: | PRICES EQUILIBRIUM ANALYSIS MODELS |
| Language: | eng |
| Abstract: | This study seeks to establish the empirical importance of price dispersion due to costly consumer search by examining retail prices for prescription drugs. Posted prices in two geographically distinct markets are shown to vary considerably across pharmacies within the same market, even after one controls for variation due to pharmacy differences. Pharmacy heterogeneity accounts for at most one-third of the observed price dispersion. |
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