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Is Drug Coverage a Free Lunch? Cross-Price Elasticities and the ...
Cross-Price Elasticities and the Design of Prescription Drug . Thus, the effects of changes in input prices on consumers' demands for medical care may have a .
The Price Elasticity of Hard Drugs: The Case of Opium in the Dutch ...
PRICE ELASTICITY OF HARD DRUGS. 267 was kept high to discourage consumers. This was a risky policy, since too high a price could encourage opium .
Assessing Consumer Gains from a Drug Price Control Policy in the ...
We then simulate consumer surplus gains from a hypothetical drug price control . values for the real interest rate, coinsurance rate, and own-price elasticity of .
Consumer adverts for pharmaceuticals: Impact on prices and sales ...
Jun 3, 2010 . How does direct-to-consumer drug advertising affect prices? . of the demand- price elasticity (that is, reduce the price-responsiveness of .
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Price Elasticity of Demand - Welker's Wikinomics Page
Price elasticity of demand = consumers' responsiveness/sensitivity to a . If drugs are legalized, the government could gain some money through taxes.
Economic Logic: The demand elasticity of prescription drugs
Feb 15, 2010 . The demand elasticity of prescription drugs . schedule Danes face to estimate the price elasticity for various consumers and drug categories.
Price discrimination - Wikipedia, the free encyclopedia
A customer with low price elasticity is less deterred by a higher price than a . in poorer nations, as is the case with the sale of anti-retroviral drugs in Africa.
DOES DTC ADVERTISING RAISE PRICE? THE IMPACT OF ...
to price changes in either branded or generic drugs and a less elastic insured consumer segment that responds only to price changes in the branded drug.
Price and Income Elasticity of the Demand for Health Insurance and ...
conditions) may be more price elastic than the demand for other drugs. However, direct-to-consumer advertising may significantly reduce the price elasticity of .
Drug Price Elasticity Literature Review
The impact of user fees on drug consumers' costs have likely . HIE <21,37> yielded drug price elasticities of 0.1 with co-insurance rates of 0 to 25% and .
Microeconomics - Price Elasticity of Demand
AS Economics - Price Elasticity of Demand. . to be more price elastic, the longer that we allow consumers to respond to a price change by varying . Examples such as cigarettes and alcohol and other drugs come into this category; Peak and .
Do Pharmaceutical Marketing Activities Raise Prices? Evidence ...
consumers on the beneficial effects (or new research find- ings) of a drug, which could lead to an increase in demand and a decrease in price elasticity in the .
DTC Ads Not Biggest Driver Of Drug Spending: Study // Pharmalot
May 17, 2010 . If you enjoy discussions of price elasticity, do we have a paper for you. . Among drugs which were advertised to consumers, the average .
NBER WORKING PAPER SERIES THE IMPACT OF DIRECT-TO ...
The Impact of Direct-to-Consumer Advertising on Pharmaceutical Prices and . examines potential changes in the price elasticity of prescription drugs over the .
What everyone needs to know about drug marketing. Part 2: Prices
When the price elasticity of demand is low, drug companies will tend to get more . The drug becomes affordable and worth the price for more consumers so .
Economic Analysis of Price Determinants in Pharmaceutical Industry ...
shields both the consumers and physicians from the price effect Moral Hazard. . pharmaceutical firm charges price according to price elasticity of the buyer, .
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Lower U.S. Prescription Drug Prices Are Vital to Both Patients and ...
As shown in Exhibit 1, in 2000, brand name prescription drug makers' prices in the . Merrill Lynch estimates a price-elasticity of demand close to minus 1.0 for . Drugs Fleeces Consumers, Citizens for a Sound Economy Foundation Issue .
Pharmaceutical Manufacturing Efficiency, Drug Prices, and Public ...
sensitivity of drug consumption to drug prices (the own-price elasticity of . and these lower prices will lead to gains in consumer surplus (the difference between .
Chicago GSB | Capital Ideas
In spite of the efforts of the police, military, FBI, CIA, Drug Enforcement Agency . If consumers are more price-sensitive, this indicates that demand is elastic; .
THE PHARMACEUTICAL INDUSTRY
expenditures. Insurance coverage tends to make demand less price-elastic, . consumer groups and the pharmaceutical industry. Early studies (by, for example .
The Price Elasticity of Demand for Pharmaceuticals amongst High ...
Feb 2, 2008 . Pharmaceutical Benefits Scheme (PBS). The price elasticity of consumer demand determines how total expenditure responds to price. It is also .
You Get What you Copay For The Influence of Patient Copayments ...
Results suggest that relative copayments imposed by insurers have a significant impact on consumer choice of a statin. . 2.1.2 Prescription Drug Price Elasticity.
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Drug price regulation under consumer moral hazard. Two-part tariffs ...
Drug price regulation under consumer moral hazard. . optimal mark-ups on marginal costs are inversely related to the price elasticity in the individual markets.
Price Elasticity of Hard Drugs
The goal of this paper is to examine the price-elasticity of hard drugs. The main . effect if the consumer can afford it, while the lower incomes will still have the .
New Economic Thinking on Addiction and Legalization, Executive ...
Any consumer of an addictive substance begins with a first use of that sub- . cates that the Price Elasticity of Demand (PED) for the drug shrinks that is, the de- .
New Estimates of the Demand for Physical and Mental Health ...
Consumers' price responsiveness is central to current reform proposals to . for both mental health and non-mental prescription drugs is substantially more price elastic. . face) should be positively related to the price elasticity of demandthe .
Promotion of Prescription Drugs to Consumers: Case Study Results
KEY WORDS: Direct-to-consumer advertising, Prescription drugs, Promotion. J Managed Care . in the brand's price elasticity), the ad can be withdrawn rela- .
PRODUCT MARKET DEFINITION IN PHARMACEUTICAL ...
A. The Structure of Pharmaceutical Distribution: Who is the Customer? . 112 Calculating cross-price elasticity of demand based either on patients' or .
Consumer Demand for Pharmaceuticals:
There is very little evidence on how drug benefits affect the price elasticity of demand for pharmaceuticals. Mortimer (1997) reports the surprising result that .
WHAT PRICE DATA TELL US ABOUT DRUG MARKETS
This paper reviews empirical evidence on drug prices and discusses implications for . Illicit drugs are, ultimately, consumer goods, and like other goods in modern . results. Nisbet and Vakil (1972) estimated the price elasticity of demand for .
Illegal Drug Use And Public Policy
Economists use price elasticity of demand to summarize the magnitude of the . penalties imposed on producers and consumers when drugs are illegal.
Consumers' demand for the generic drugs whose prices Wal-Mart is reducing is most likely. perfectly elastic; Elastic; Unit-elastic; Inelastic; Perfectly inelastic .
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Is Drug Coverage a Free Lunch? Cross-Price Elasticities and the ...
Our results show that increases in prescription drug prices reduce both the use of and spending on prescription drugs. However, consumers substitute the use of .
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Advertising and pharmaceutical prices Marginal Revolution
May 14, 2010 . By decreasing the price elasticity of prescription drugs and the pressures . consumer costsconsumers wouldn't purchase or ask for the drug, .
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Inelastic Definition | Investopedia
Even if the price of the drug were to increase dramatically, the quantity . In economics, elasticity refers the degree to which individuals (consumers/ producers) .
Eighth Circuit Not Ready to Move Away from Traditional Market ...
Dec 2, 2011 . By 2008, when the FTC sued, the consumer prices of both drugs had . the court relied on precedent holding that cross-price elasticity was an .
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Informing America's Policy on Illegal Drugs: What We Don't Know ...
The price elasticity of demand is the percentage change in consumption that is . policies are aimed at increasing the price that consumers must pay for a drug.
Prices, Legalisation and Marijuana Consumption - Drug Policy ...
Nov 1, 1999 . For all consumers, the gross price elasticity, which includes the effects . Marijuana is the most widely used illicit drug in Western society, and .
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In search of a corrected prescription drug Elasticity estimate: a meta ...
Jan 22, 2007 . corrected measure of the drug price elasticity by employing . An important issue for third-party payers is whether consumers are sensitive to .
Direct-to-Consumer Advertising in Pharmaceutical Markets?
in 1997 for broadcast advertising of prescription drugs directly to consumers, . 2000), detailing tends to reduce the price elasticity of demand, implying an .
Six Trade Promotion Tips: Why Less Can Be More | Nielsen Wire
Apr 16, 2010 . David Kellen, Director, Price & Promotion Practice . with all the parts moving at once: price elasticity, price gap elasticity, promotion type, . Drug channel consumers, on the other hand, value convenience over price and mass .
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