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Launching prices for new pharmaceuticals in heavily regulated and subsidized markets

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dc.contributor.author Puig, Jaume
dc.contributor.author González López-Valcárcel, Beatriz
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.accessioned 2017-07-26T12:08:01Z
dc.date.available 2017-07-26T12:08:01Z
dc.date.issued 2012-05-01
dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1322
dc.identifier.uri http://hdl.handle.net/10230/19850
dc.description.abstract This paper provides empirical evidence on the explanatory factors affecting introductory prices of new pharmaceuticals in a heavily regulated and highly subsidized market. We collect a data set consisting of all new chemical entities launched in Spain between 1997 and 2005, and model launching prices. We found that, unlike in the US and Sweden, therapeutically "innovative" products are not overpriced relative to "imitative" ones. Price setting is mainly used as a mechanism to adjust for inflation independently of the degree of innovation. The drugs that enter through the centralized EMA approval procedure are overpriced, which may be a consequence of market globalization and international price setting.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 1322
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 Launching prices for new pharmaceuticals in heavily regulated and subsidized markets
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2017-07-23T02:14:25Z
dc.subject.keyword pharmaceuticals; price competition; price regulation
dc.subject.keyword Labour, Public, Development and Health Economics
dc.rights.accessRights info:eu-repo/semantics/openAccess


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