| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14041 |
| 来源ID | Working Paper 14041 |
| Effects of Regulation on Drug Launch and Pricing in Interdependent Markets | |
| Patricia M. Danzon; Andrew J. Epstein | |
| 发表日期 | 2008-05-30 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | This study examines the effect of price regulation and competition on launch timing and pricing of new drugs. Our data cover launch experience in 15 countries for drugs in 12 therapeutic classes that experienced significant innovation over the decade 1992-2003. We use prices of established products as a measure of the direct effect of a country's own regulatory system, and find that launch timing and prices of innovative drugs are influenced by prices of established products. Thus, if price regulation reduces drug prices, it contributes to launch delay in the home country. New drug launch hazards and launch prices in low-price countries are also affected by referencing by other, high-price countries, especially within the EU, as expected if manufacturers delay launch in low-price markets to avoid undermining higher prices in other countries. Thus, referencing policies adopted in high-price countries can impose welfare loss on low-price countries. Prices of new drugs are influenced mainly by prices of other drugs within the same subclass; however, dynamic competition from new subclasses undermines new drug launch in older subclasses. Association with a local firm accelerates launch only in certain regulated markets. These findings have implications for US proposals to constrain pharmaceutical prices in the US through external referencing and drug importation. |
| 主题 | Health, Education, and Welfare ; Health ; Other ; Law and Economics ; Industrial Organization ; Regulatory Economics ; Industry Studies |
| URL | https://www.nber.org/papers/w14041 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571715 |
| 推荐引用方式 GB/T 7714 | Patricia M. Danzon,Andrew J. Epstein. Effects of Regulation on Drug Launch and Pricing in Interdependent Markets. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14041.pdf（277KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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