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Price and welfare effects of a pharmaceutical substitution reform
Umeå University, Faculty of Social Sciences, Department of Economics.
2010 (English)In: Journal of Health Economics, ISSN 0167-6296, E-ISSN 1879-1646, Vol. 29, no 6, 856-865 p.Article in journal (Refereed) Published
Abstract [en]

The price effects of the Swedish pharmaceutical substitution reform are analyzed using data for a panel of all pharmaceutical product sold in Sweden in 1997-2007. The price reduction due to the reform was estimated to average 10% and was found to be significantly larger for brand-name pharmaceuticals than for generics. The results also imply that the reform amplified the effect that generic entry has on brand-name prices by a factor of 10. Results of a demand estimation imply that the price reductions increased total pharmaceutical consumption by 8% and consumer welfare by SEK 2.7 billion annually.

Place, publisher, year, edition, pages
2010. Vol. 29, no 6, 856-865 p.
Keyword [en]
drugs, generic competition, equivalent variation, demand estimation
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:umu:diva-37150DOI: 10.1016/j.jhealeco.2010.08.003ISI: 000284671600007OAI: oai:DiVA.org:umu-37150DiVA: diva2:358094
Available from: 2010-10-20 Created: 2010-10-20 Last updated: 2017-12-12Bibliographically approved

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Price and welfare effects of a pharmaceutical substitution reform(241 kB)96 downloads
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Publisher's full texthttp://www.sciencedirect.com/science/article/B6V8K-50THX59-1/2/3a98d75bf3685d0535bf26f3c0840a47

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf