Pharmaceutical innovation, reference pricing and therapeutic classes
This paper is a first attempt to model the effects of reference pricing on the innovation effort of pharmaceutical firms. The model is based on a dynamic game involving three types of agents: pharmaceutical firms, consumers and a regulatory entity. The games includes research stages where the innova...
- Autores:
- Tipo de recurso:
- Fecha de publicación:
- 2005
- Institución:
- Universidad del Rosario
- Repositorio:
- Repositorio EdocUR - U. Rosario
- Idioma:
- spa
- OAI Identifier:
- oai:repository.urosario.edu.co:10336/3887
- Acceso en línea:
- https://doi.org/10.48713/10336_3887
http://repository.urosario.edu.co/handle/10336/3887
- Palabra clave:
- Innovation
Mee-too
Reference pricing
Pharmaceutical laboratories
Publicaciones universitarias::Bogotá (Colombia)
Publicaciones académicas::Bogotá (Colombia)
Educación superior
Medicamentos::Investigaciones
- Rights
- License
- http://creativecommons.org/licenses/by-nc-nd/2.5/co/
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Pharmaceutical innovation, reference pricing and therapeutic classesInnovationMee-tooReference pricingPharmaceutical laboratoriesPublicaciones universitarias::Bogotá (Colombia)Publicaciones académicas::Bogotá (Colombia)Educación superiorMedicamentos::InvestigacionesThis paper is a first attempt to model the effects of reference pricing on the innovation effort of pharmaceutical firms. The model is based on a dynamic game involving three types of agents: pharmaceutical firms, consumers and a regulatory entity. The games includes research stages where the innovation efforts by the firms are determined and introductory stages where a price for a new medicament is fixed. We model the negotiation between the drug owner and the regulator to fix the price, first without legal constraint, second under the regime of reference pricing in therapeutic classes. We then solve the innovation game where the firms anticipate the results of the negotiation round on prices. We thus consider the effect of the therapeutic class regulation on both prices and the innovation pace. The final stage consists in calibrating the model with a small data on anti-statine in France and simulates the effect of the change in regulatory regime.Universidad del RosarioUniversidad del Rosario. Facultad de Economía2005-112012-09-24T15:37:42Zinfo:eu-repo/semantics/workingPaperhttp://purl.org/coar/resource_type/c_8042application/pdfDocumentohttps://doi.org/10.48713/10336_3887 http://repository.urosario.edu.co/handle/10336/3887instname:Universidad del Rosarioreponame:Repositorio Institucional EdocURspahttp://creativecommons.org/licenses/by-nc-nd/2.5/co/http://purl.org/coar/access_right/c_abf2Bommier, A.Jullien, B.Bardey, Davidoai:repository.urosario.edu.co:10336/38872021-06-03T00:47:13Z |
dc.title.none.fl_str_mv |
Pharmaceutical innovation, reference pricing and therapeutic classes |
title |
Pharmaceutical innovation, reference pricing and therapeutic classes |
spellingShingle |
Pharmaceutical innovation, reference pricing and therapeutic classes Innovation Mee-too Reference pricing Pharmaceutical laboratories Publicaciones universitarias::Bogotá (Colombia) Publicaciones académicas::Bogotá (Colombia) Educación superior Medicamentos::Investigaciones |
title_short |
Pharmaceutical innovation, reference pricing and therapeutic classes |
title_full |
Pharmaceutical innovation, reference pricing and therapeutic classes |
title_fullStr |
Pharmaceutical innovation, reference pricing and therapeutic classes |
title_full_unstemmed |
Pharmaceutical innovation, reference pricing and therapeutic classes |
title_sort |
Pharmaceutical innovation, reference pricing and therapeutic classes |
dc.subject.none.fl_str_mv |
Innovation Mee-too Reference pricing Pharmaceutical laboratories Publicaciones universitarias::Bogotá (Colombia) Publicaciones académicas::Bogotá (Colombia) Educación superior Medicamentos::Investigaciones |
topic |
Innovation Mee-too Reference pricing Pharmaceutical laboratories Publicaciones universitarias::Bogotá (Colombia) Publicaciones académicas::Bogotá (Colombia) Educación superior Medicamentos::Investigaciones |
description |
This paper is a first attempt to model the effects of reference pricing on the innovation effort of pharmaceutical firms. The model is based on a dynamic game involving three types of agents: pharmaceutical firms, consumers and a regulatory entity. The games includes research stages where the innovation efforts by the firms are determined and introductory stages where a price for a new medicament is fixed. We model the negotiation between the drug owner and the regulator to fix the price, first without legal constraint, second under the regime of reference pricing in therapeutic classes. We then solve the innovation game where the firms anticipate the results of the negotiation round on prices. We thus consider the effect of the therapeutic class regulation on both prices and the innovation pace. The final stage consists in calibrating the model with a small data on anti-statine in France and simulates the effect of the change in regulatory regime. |
publishDate |
2005 |
dc.date.none.fl_str_mv |
2005-11 2012-09-24T15:37:42Z |
dc.type.none.fl_str_mv |
info:eu-repo/semantics/workingPaper |
dc.type.coar.fl_str_mv |
http://purl.org/coar/resource_type/c_8042 |
dc.identifier.none.fl_str_mv |
https://doi.org/10.48713/10336_3887 http://repository.urosario.edu.co/handle/10336/3887 |
url |
https://doi.org/10.48713/10336_3887 http://repository.urosario.edu.co/handle/10336/3887 |
dc.language.none.fl_str_mv |
spa |
language |
spa |
dc.rights.none.fl_str_mv |
http://creativecommons.org/licenses/by-nc-nd/2.5/co/ |
dc.rights.coar.fl_str_mv |
http://purl.org/coar/access_right/c_abf2 |
rights_invalid_str_mv |
http://creativecommons.org/licenses/by-nc-nd/2.5/co/ http://purl.org/coar/access_right/c_abf2 |
dc.format.none.fl_str_mv |
application/pdf Documento |
dc.publisher.none.fl_str_mv |
Universidad del Rosario Universidad del Rosario. Facultad de Economía |
publisher.none.fl_str_mv |
Universidad del Rosario Universidad del Rosario. Facultad de Economía |
dc.source.none.fl_str_mv |
instname:Universidad del Rosario reponame:Repositorio Institucional EdocUR |
instname_str |
Universidad del Rosario |
institution |
Universidad del Rosario |
reponame_str |
Repositorio Institucional EdocUR |
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Repositorio Institucional EdocUR |
repository.name.fl_str_mv |
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