English, Article edition: Price Indices of Drugs and the Switching to New Drugs: Two Empirical Examples Ulf-G Gerdtham; Magnus Johannesson; Bo Gunnarsson; ...

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/118536
Physical Description
  • article
Language
  • English

Edition details

Title
  • Price Indices of Drugs and the Switching to New Drugs: Two Empirical Examples
Author
  • Ulf-G Gerdtham
  • Magnus Johannesson
  • Bo Gunnarsson
  • Margareta Marcusson
  • Freddie Henriksson
Physical Description
  • article
Notes
  • Standard price indices may not account for the price decrease that results when patients switch to pharmaceutical products for which their demand-reservation price exceeds the price of the new product. In a similar way, standard price indices may not account for the price increase that results when patients switch to pharmaceuticals for which the reservation price is below the price of the new drug. This study was designed to assess whether standard pharmaceutical price indices under- or overestimate the real price development resulting from new drug introductions. We illustrate that both situations may occur. In our first example, the switch from a branded to a generic drug, we showed that standard price indices recorded a price increase of about 16%, although the price actually decreased by about 5%. In our second example, the introduction of new formulation of a currently marketed drug, we showed that standard price indices recorded a price increase of about 6%, when the actual price increased by more than 65%.
  • Generic-substitution, Pharmacoeconomics, Cost-analysis, Cost-allocation
  • RePEc:wkh:phecon:v:13:y:1998:i:1-part-1:p:71-80
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment