| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP675 |
| DP675 Pharmaceuticals - Who's Afraid of `1992'? | |
| Gernot Klepper | |
| 发表日期 | 1992-03-31 |
| 出版年 | 1992 |
| 语种 | 英语 |
| 摘要 | This paper develops a framework within which the impact of the proposed initiatives of the European Commission for creating an internal market for pharmaceuticals can be analysed. In a model of third-degree price discrimination, arbitrage between two markets and price controls through governments in one market are introduced. The effects of easier arbitrage opportunities, i.e. lower arbitrage costs, on the prices in the two markets are analysed. Also, the impact of a reduction in price controls in the low-priced markets as well as their combined effects are characterized. The welfare effects of the Internal Market in pharmaceuticals are ambiguous, since a movement from segmented and price-controlled markets towards integrated markets does not lead to a first- or second-best solution. |
| 主题 | International Trade and Regional Economics |
| 关键词 | European integration Pharmaceuticals Price controls Re-imports |
| URL | https://cepr.org/publications/dp675 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529802 |
| 推荐引用方式 GB/T 7714 | Gernot Klepper. DP675 Pharmaceuticals - Who's Afraid of `1992'?. 1992. |
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