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"Generic Entry and the Pricing of Pharmaceuticals" / Richard G. Frank, David S. Salkever.
- Format:
- Book
- Author/Creator:
- Frank, Richard G.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w5306.
- NBER working paper series no. w5306
- Language:
- English
- Subjects (All):
- Generic drugs--United States.
- Generic drugs.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1995.
- Cambridge, Mass. : National Bureau of Economic Research, 1995.
- Summary:
- 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 strong evidence that brand-name prices increase after entry and are accompanied by large price decreases in the price of generic drugs.
- Notes:
- Print version record
- October 1995.
- Includes bibliographical references.
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