000 01449nab a2200253 c 4500
999 _c147714
_d147714
003 ES-MaIEF
005 20230614133105.0
007 ta
008 230614t2023 us ||||| |||| 00| 0|eng d
040 _aES-MaIEF
_bspa
_cES-MaIEF
100 1 _970726
_aMaini, Luca
245 0 _aReference pricing as a deterrent to entry
_bevidence from the European pharmaceutical market
_c by Luca Maini and Fabio Pammolli
500 _aResumen.
520 _aExternal reference pricing (ERP), the practice of benchmarking domestic drug prices to foreign prices, generates an incentive for firms to withhold products from low-income countries. Using a novel moment inequality approach, we estimate a structural model to measure how ERP policies affect access to innovative drugs across Europe. We find that ERP increases entry delays in eight low-income European countries by up to one year per drug. The European Union could remove these delays without replacing ERP by compensating firms through lump-sum transfers at the cost of around €18 million per drug.
650 4 _947714
_aMEDICAMENTOS
650 4 _948092
_aPRECIOS
650 4 _947725
_aMERCADO
650 4 _947868
_aOLIGOPOLIOS
650 4 _aEUROPA
_943946
650 4 _aMODELOS ECONOMETRICOS
_947776
700 1 _970727
_aPammolli, Fabio
773 0 _9169674
_oOP 2136/2023/2
_tAmerican Economic Journal : Microeconomics
_w(IEF)64890
_x 1945-7669
_g v. 15, n. 2, May 2023, p. 345-383
942 _cART