Quality safeguards and regulation of online pharmacies

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Health Economics, 13 (4), 2004, 329-344
http://hdl.handle.net/10230/313
To cite or link this document: http://hdl.handle.net/10230/313
dc.contributor.author Arruñada, Benito
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.issued 2001-12-01
dc.identifier.citation Health Economics, 13 (4), 2004, 329-344
dc.identifier.uri http://hdl.handle.net/10230/313
dc.description.abstract Using econometric evidence, this article confirms that distribution of medicines online is split into two market segments of very diverse quality, and identifies the factors that drive quality and quality assurance in this activity. Unlike fraudulent, ‘rogue,’ websites, which offer scant guarantees and usually sell just a few medicines without prescription, online pharmacies offering insurance coverage and linked to conventional pharmacies typically sell a whole range of drugs, require third-party medical prescriptions and provide abundant information to patients. It is shown that, where online pharmacies are allowed to act legally, market forces enhance quality, as private insurers require professional standards, and specialized third parties make a business of certifying them. Furthermore, older online pharmacies and those running conventional operations offer higher quality, probably because of reputational investments. Overall, this evidence supports licensing online pharmacies, especially considering that prohibiting them is ineffective against fraudulent sites.
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 595
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Quality safeguards and regulation of online pharmacies
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2014-06-03T07:14:06Z
dc.subject.keyword Business Economics and Industrial Organization
dc.subject.keyword e-commerce
dc.subject.keyword pharmacies
dc.subject.keyword regulation
dc.subject.keyword quality assurance
dc.rights.accessRights info:eu-repo/semantics/openAccess


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