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R. Caves, M. Whinston, M. Hurwitz (1991)
Patent Expiration, Entry, and Competition in the U.S. Pharmaceutical Industry, 22
E. Berndt, Z. Griliches, J. Rosett (1990)
On the Accuracy of Producer Price Indexes for Pharmaceutical Preparations: An Audit Based on Detailed Firm-Specific DataIRPN: Innovation & Macroeconomics (Topic)
Frank Frank, Salkever Salkever (1992)
Pricing Patent Loss and the Market for PharmaceuticalsSouthern Economic Journal
Comanor Comanor (1986)
The Political Economy of the Pharmaceutical IndustryJournal of Economic Literature
Grabowski Grabowski, Vernon Vernon (1992)
Brand Loyalty, Entry and Price Competition in Pharmaceuticals after the 1984 Drug ActJournal of Law and Economics
Scherer Scherer (1993)
Pricing, Profits and Technological Progress in the Pharmaceutical IndustryJournal of Economic Perspectives
During the 1980s the share of prescriptions sold by retail pharmacies that was accounted for by generic products roughly doubled. The price response to generic entry of brand‐name products has been a source of controversy. In this paper we estimate models of price responses to generic entry in the market for brand‐name and generic drugs. We study a sample of 32 drugs that lost patent protection during the early to mid‐1980s. Our results provide evidence that brand‐name prices increase after generic entry and are accompanied by large decreases in the price of generic drugs.
Journal of Economics & Management Strategy – Wiley
Published: Mar 1, 1997
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