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Does Regulation Drive Out Competition In Pharmaceutical Markets?*, Patricia. M. Danzon, Li-Wei Chao Oct 2000

Does Regulation Drive Out Competition In Pharmaceutical Markets?*, Patricia. M. Danzon, Li-Wei Chao

Health Care Management Papers

Most countries regulate pharmaceutical prices, either directly or indirectly, on the assumption that competition is at best weak in this industry. This paper tests the hypothesis that regulation of manufacturer prices and retail pharmacy margins undermines price competition. We use data from seven countries for 1992 to examine price competition between generic competitors (different manufacturers of the same compound) and therapeutic substitutes (similar compounds) under different regulatory regimes. We find that price competition between generic competitors is significant in unregulated or less regulated markets (United States, United Kingdom, Canada, and Germany) but that regulation undermines generic competition in strict regulatory ...


Ua3/9/5 Opening Faculty & Staff Convocation, Wku President's Office Aug 2000

Ua3/9/5 Opening Faculty & Staff Convocation, Wku President's Office

WKU Archives Records

Speech delivered by WKU president Gary Ransdell at fall convocation. He discusses strategic planning, honors and awards, tuition, recruitment, physical plant, Mass Media & Technology Building, new buildings, capital campaign, employee benefits, student health care and University Senate. Also included are remarks regarding Jody Richards and engineering programs.