Reference Pricing Systems on the Pharmaceutical Market

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dc.contributor.author Unsorg, Maximiliane
dc.date.accessioned 2018-12-19T10:26:37Z
dc.date.available 2018-12-19T10:26:37Z
dc.date.issued 2018-12-18
dc.identifier.other 515722383
dc.identifier.uri http://hdl.handle.net/10900/85379
dc.identifier.uri http://nbn-resolving.de/urn:nbn:de:bsz:21-dspace-853790 de_DE
dc.identifier.uri http://dx.doi.org/10.15496/publikation-26769
dc.description.abstract Constantly rising expenditures for pharmaceuticals require government intervention in firms’ pricing decisions. To this end, reference pricing systems are a frequently employed regulatory mechanism. This paper considers a duopoly market with vertically differentiated firms under different competition types. Starting from the existing literature it can be confirmed that the introduction of a reference price leads to lower equilibrium prices and induces fiercer competition between firms. Further, it can be shown that reference pricing promotes generic usage and leads to an increased market coverage. Hence, an improved provision of medical supply is achieved due to the lower prices and the stimulated demand for drugs. The paper demonstrates that even under the increased demand consumer and insurance expenditures are reduced. The model isolates the mechanisms of reference pricing and shows the effects on the consumer decisions. Lastly, consumer surplus increases when implementing the regulation. en
dc.language.iso en de_DE
dc.publisher Universität Tübingen de_DE
dc.rights ubt-podno de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=de de_DE
dc.rights.uri http://tobias-lib.uni-tuebingen.de/doku/lic_ohne_pod.php?la=en en
dc.subject.classification Economics de_DE
dc.subject.ddc 330 de_DE
dc.subject.other reference pricing en
dc.subject.other pharmaceutical market en
dc.subject.other copayment en
dc.subject.other price cap en
dc.subject.other price competition en
dc.subject.other expenditures en
dc.subject.other consumer surplus en
dc.title Reference Pricing Systems on the Pharmaceutical Market en
dc.type Aufsatz de_DE
utue.publikation.fachbereich Wirtschaftswissenschaften de_DE
utue.publikation.fakultaet 6 Wirtschafts- und Sozialwissenschaftliche Fakultät de_DE
utue.publikation.source University of Tübingen Working Papers in Economics and Finance ; 115 de_DE

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