haku: @author Scott Morton, F. M. / yhteensä: 3
viite: 3 / 3
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| Tekijä: | Scott Morton, F. M. |
| Otsikko: | The interaction between a most-favored-customer clause and prise dispersion: An empirical examination of the Medicaid rebate rules of 1990 |
| Lehti: | Journal of Economics & Management Strategy
1997 : SPRING, VOL. 6:1, p. 151-174 |
| Asiasana: | REGULATIONS PRICES MEDICAL CARE HEALTH SERVICE |
| Kieli: | eng |
| Tiivistelmä: | This study investigates the effect of the MFC rules adopted by Medicaid on both price dispersion and price levels in the wholesale pharmaceutical market. Theory suggests that the regulations should reduce price dispersion and increase the average price for the products with the high initial level of price dispersion. Using data measuring some dimensions of price discrimination, it was found that discrimination falls for products sold for hospitals but not drugstores. Branded drugs facing generic competition have the most dispersion ex ante. Prices of the brands rise with dispersion at the implementation of the new rules. the results confirm that the part of the mechanism of action for the price increase is the high level of price dispersion for some products combined with the MFC. |
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