Matches in SemOpenAlex for { <https://semopenalex.org/work/W3199607980> ?p ?o ?g. }
Showing items 1 to 77 of
77
with 100 items per page.
- W3199607980 abstract "A non-trivial fraction of people cannot afford to buy pharmaceutical products at unregulated market prices. Therefore, the paper analyzes the public insurance of the pharmaceutical products in terms of price controls and the socially optimal third-degree price discrimination. It characterizes first the Ramsey pricing rule in the absence of insurance and in the case where the producer price has to cover the R&D sunk cost of the firm. Subsequently, conditions for a welfare increasing departure from Ramsey pricing are stated in terms of price regulation and insurance coverage. The resulting outcome is second best. Unlike the earlier views expressed, increased consumption of pharmaceutical products is shown to be welfare increasing in the second best world. As the optimal means-tested insurance, two alternative criteria for vertical equity are examined in the spirit of the Rawlsian view. In the first scheme, the regulator chooses a higher insurance coverage for individuals with their income below a threshold. In the second scheme, the society imputes a social value to low-income patients in terms of the value-added they produce after the treatment. Under both schemes, the threshold is determined endogenously." @default.
- W3199607980 created "2021-09-27" @default.
- W3199607980 creator A5055778934 @default.
- W3199607980 creator A5068104953 @default.
- W3199607980 creator A5083906726 @default.
- W3199607980 date "2019-01-01" @default.
- W3199607980 modified "2023-09-24" @default.
- W3199607980 title "Pricing the Pharmaceuticals when the Ability to Pay Differs: Taking Vertical Equity Seriously." @default.
- W3199607980 hasPublicationYear "2019" @default.
- W3199607980 type Work @default.
- W3199607980 sameAs 3199607980 @default.
- W3199607980 citedByCount "0" @default.
- W3199607980 crossrefType "posted-content" @default.
- W3199607980 hasAuthorship W3199607980A5055778934 @default.
- W3199607980 hasAuthorship W3199607980A5068104953 @default.
- W3199607980 hasAuthorship W3199607980A5083906726 @default.
- W3199607980 hasConcept C100243477 @default.
- W3199607980 hasConcept C101472132 @default.
- W3199607980 hasConcept C119857082 @default.
- W3199607980 hasConcept C144024400 @default.
- W3199607980 hasConcept C162118730 @default.
- W3199607980 hasConcept C162324750 @default.
- W3199607980 hasConcept C175444787 @default.
- W3199607980 hasConcept C17744445 @default.
- W3199607980 hasConcept C199539241 @default.
- W3199607980 hasConcept C199728807 @default.
- W3199607980 hasConcept C2776291640 @default.
- W3199607980 hasConcept C2779282124 @default.
- W3199607980 hasConcept C30772137 @default.
- W3199607980 hasConcept C34447519 @default.
- W3199607980 hasConcept C36289849 @default.
- W3199607980 hasConcept C41008148 @default.
- W3199607980 hasConcept C536738050 @default.
- W3199607980 hasConceptScore W3199607980C100243477 @default.
- W3199607980 hasConceptScore W3199607980C101472132 @default.
- W3199607980 hasConceptScore W3199607980C119857082 @default.
- W3199607980 hasConceptScore W3199607980C144024400 @default.
- W3199607980 hasConceptScore W3199607980C162118730 @default.
- W3199607980 hasConceptScore W3199607980C162324750 @default.
- W3199607980 hasConceptScore W3199607980C175444787 @default.
- W3199607980 hasConceptScore W3199607980C17744445 @default.
- W3199607980 hasConceptScore W3199607980C199539241 @default.
- W3199607980 hasConceptScore W3199607980C199728807 @default.
- W3199607980 hasConceptScore W3199607980C2776291640 @default.
- W3199607980 hasConceptScore W3199607980C2779282124 @default.
- W3199607980 hasConceptScore W3199607980C30772137 @default.
- W3199607980 hasConceptScore W3199607980C34447519 @default.
- W3199607980 hasConceptScore W3199607980C36289849 @default.
- W3199607980 hasConceptScore W3199607980C41008148 @default.
- W3199607980 hasConceptScore W3199607980C536738050 @default.
- W3199607980 hasLocation W31996079801 @default.
- W3199607980 hasOpenAccess W3199607980 @default.
- W3199607980 hasPrimaryLocation W31996079801 @default.
- W3199607980 hasRelatedWork W1506683439 @default.
- W3199607980 hasRelatedWork W1527571786 @default.
- W3199607980 hasRelatedWork W1577013389 @default.
- W3199607980 hasRelatedWork W1677871837 @default.
- W3199607980 hasRelatedWork W1843917902 @default.
- W3199607980 hasRelatedWork W1916371443 @default.
- W3199607980 hasRelatedWork W1977560818 @default.
- W3199607980 hasRelatedWork W1999722351 @default.
- W3199607980 hasRelatedWork W2000246975 @default.
- W3199607980 hasRelatedWork W2044332913 @default.
- W3199607980 hasRelatedWork W2119332678 @default.
- W3199607980 hasRelatedWork W2241458991 @default.
- W3199607980 hasRelatedWork W2314960806 @default.
- W3199607980 hasRelatedWork W2351358131 @default.
- W3199607980 hasRelatedWork W2367632408 @default.
- W3199607980 hasRelatedWork W2755718274 @default.
- W3199607980 hasRelatedWork W2896001787 @default.
- W3199607980 hasRelatedWork W3001037541 @default.
- W3199607980 hasRelatedWork W3123264866 @default.
- W3199607980 hasRelatedWork W3125449324 @default.
- W3199607980 isParatext "false" @default.
- W3199607980 isRetracted "false" @default.
- W3199607980 magId "3199607980" @default.
- W3199607980 workType "article" @default.