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- W2015164028 abstract "In this paper, the author evaluates the success of formulary pricing. Formulary pricing is a price-tendering system used to generate competition among drug suppliers. The paper develops a model of pricing in an uncertain auction from the point of view of a typical firm. The ability to make side-payments in the form of kickbacks to pharmacists segments the transaction into two stages. After the first-stage bidding, the second stage involves a renegotiation between pharmacists and the supplying firm. An econometric test for this model is developed and the empirical evidence is found to support the model well." @default.
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- W2015164028 date "1992-05-01" @default.
- W2015164028 modified "2023-09-26" @default.
- W2015164028 title "Pharmaceutical Prices with Insurance Coverage and Formularies" @default.
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- W2015164028 doi "https://doi.org/10.2307/135872" @default.
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