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Pharmaceutical Followers / Peter Arcidiacono, Paul B. Ellickson, Peter Landry, David B. Ridley.
- Format:
- Book
- Author/Creator:
- Arcidiacono, Peter.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w19522.
- NBER working paper series no. w19522
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2013.
- Summary:
- We estimate a model of drug demand and supply that incorporates insurance, advertising, and competition between branded and generic drugs within and across therapeutic classes. We use data on antiulcer drugs from 1991 to 2010. Our simulations show generics and ``me-too'' drugs each increased consumer welfare more than $100 million in 2010, holding insurance premiums constant. However, insurance payments in 2010 fell by nearly $1 billion due to generics and rose by over $7 billion due to me-too antiulcer drugs.
- Notes:
- Print version record
- October 2013.
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