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来源类型Working Paper
规范类型报告
DOI10.3386/w8482
来源IDWorking Paper 8482
Pharmaceutical Prices and Political Activity
Sara Fisher Ellison; Catherine Wolfram
发表日期2001-09-01
出版年2001
语种英语
摘要Drug prices have been a conspicuous political issue in much of recent history, but no more so than during health care reform debates in 1993 and 1994. This paper investigates possible effects of political activity on pharmaceutical prices, with a particular focus on the health care reform period. It evaluates the extent to which pharmaceutical companies slowed the rates at which they increased prices in an attempt to preempt government intervention. To do so, we characterize companies based on their vulnerability to future price regulation. We then consider patterns in price movements across companies. The results suggest that companies whose drugs had longer patent lives and who had recently increased contributions to their corporate Political Action Committees (PACs) slowed price increases during 1992 and 1994 more than their competitors. It is difficult to distinguish pricing differences across companies in 1993, perhaps because most companies had pledged to keep price increases below the rate of inflation.
主题Industrial Organization ; Regulatory Economics ; Industry Studies
URLhttps://www.nber.org/papers/w8482
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/566086
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Sara Fisher Ellison,Catherine Wolfram. Pharmaceutical Prices and Political Activity. 2001.
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