Pricing dynamics in the pharmaceutical industry

@inproceedings{Hudson1992PricingDI,
  title={Pricing dynamics in the pharmaceutical industry},
  author={John Hudson},
  year={1992}
}
  • John Hudson
  • Published 1992
  • Economics
  • Pricing behaviour has traditionally been approached from the concept of long-term static equilibrium. This paper argues that this approach is inappropriate, at least with respect to the pharmaceutical market, because new innovation, and patent expiry lead to a continually changing environment. A theoretical analysis argues that price change will depend on the age of the therapeutic class, the degree of brand loyalty, the extent to which it is sold ‘over the counter’ rather than on prescription… CONTINUE READING

    Create an AI-powered research feed to stay up to date with new papers like this posted to ArXiv

    Citations

    Publications citing this paper.
    SHOWING 1-10 OF 16 CITATIONS

    Pharmaceutical Price Regulation

    VIEW 3 EXCERPTS
    CITES BACKGROUND
    HIGHLY INFLUENCED