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- W3122228995 abstract "We study the short- and long-term price effects of the number of competing firms, using panel-data on 1303 distinct pharmaceutical markets for 78 months. We use actual transaction prices in an institutional setting with little scope for non-price competition and where simultaneity problems can be addressed effectively. In the long term, the price of generics is found to decrease by 81% when the number of firms selling generics with the same strength, form and similar package size is increased from 1 to 10. Nearly only competition at this fine-grained level matters; the price effect of firms selling other products with the same active substance, but with different package size, form, or strength, is only a tenth as large. Half of the price reductions take place immediately and 70% within three months. Also, prices of originals are found to react to competition, but far less and much slower." @default.
- W3122228995 created "2021-02-01" @default.
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- W3122228995 date "2017-08-28" @default.
- W3122228995 modified "2023-09-27" @default.
- W3122228995 title "Price competition in pharmaceuticals – evidence from 1303 Swedish markets" @default.
- W3122228995 hasPublicationYear "2017" @default.
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