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- W2145946806 abstract "Using data on wholesale prices for antibiotics sold to U.S. drugstores, we test the growing theoretical literature on ‘countervailing power’ (a term for the ability of large buyers to extract discounts from suppliers). Large drugstores receive a modest discount for antibiotics produced by competing suppliers but no discount for antibiotics produced by monopolists. These findings support theories suggesting that supplier competition is a prerequisite for countervailing power. As further evidence for the importance of supplier competition, we find that hospitals receive substantial discounts relative to drugstores, attributed to hospitals' greater ability to induce supplier competition through restrictive formularies." @default.
- W2145946806 created "2016-06-24" @default.
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- W2145946806 date "2010-03-01" @default.
- W2145946806 modified "2023-10-03" @default.
- W2145946806 title "COUNTERVAILING POWER IN WHOLESALE PHARMACEUTICALS" @default.
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- W2145946806 doi "https://doi.org/10.1111/j.1467-6451.2010.00408.x" @default.
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