Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/41440
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dc.contributor.authorKaiser, Ulrichen_US
dc.contributor.authorMendez, Susan J.en_US
dc.contributor.authorRønde, Thomasen_US
dc.date.accessioned2010-11-04T10:49:12Z-
dc.date.available2010-11-04T10:49:12Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/41440-
dc.description.abstractOn April 1, 2005, Denmark changed the way references prices, a main determinant of reimbursements for pharmaceutical purchases, are calculated. The previous reference prices, which were based on average EU prices, were substituted to minimum domestic prices. Novel to the literature, we estimate the joint effects of this reform on prices and quantities. Prices decreased more than 26 percent due to the reform, which reduced patient and government expenditures by 3.0 percent and 5.6 percent, respectively, and producer revenues by 5.0 percent. The prices of expensive products decreased more than their cheaper counterparts, resulting in large differences in patient benefits from the reform.en_US
dc.language.isoengen_US
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen_US
dc.relation.ispartofseries|aZEW Discussion Papers |x10-062en_US
dc.subject.jelI18en_US
dc.subject.jelC23en_US
dc.subject.ddc330en_US
dc.subject.keywordpharmaceutical marketsen_US
dc.subject.keywordregulationen_US
dc.subject.keywordco-paymentsen_US
dc.subject.keywordreference pricingen_US
dc.subject.keywordasymmetric welfare effectsen_US
dc.subject.stwPharmazeutische Industrieen_US
dc.subject.stwRegulierungen_US
dc.subject.stwPharmazeutisches Produkten_US
dc.subject.stwPreisen_US
dc.subject.stwWohlfahrtseffekten_US
dc.subject.stwDänemarken_US
dc.titleRegulation of pharmaceutical prices: Evidence from a reference price reform in Denmarken_US
dc.type|aWorking Paperen_US
dc.identifier.ppn635644959en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:zewdip:10062-

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