Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/285104 
Title (translated): 
Análisis de bienestar de precios referenciales externos y política de reembolso
Year of Publication: 
2023
Citation: 
[Journal:] Estudios de Economía [ISSN:] 0718-5286 [Volume:] 50 [Issue:] 1 [Year:] 2023 [Pages:] 133-158
Publisher: 
Universidad de Chile, Departamento de Economía, Santiago de Chile
Abstract: 
The co-existence of external referencing pricing (ERP) and reimbursement policy is common in many countries. Thus, this research examines whether or not the imposition of ERP is socially desirable in the presence of reimbursement policy. For direct sales channel, we find that the home social welfare is worse-off with ERP if the home copayment rate is too high. Our main results are robust under indirect sales channel. Moreover, the home social welfare under the pharmacypurchasing-price (PPP) ERP is larger than that under the ex-factory-price (EFP) ERP if the home copayment rate is high enough. Finally, the profit of brand-name firm under indirect sales channel is higher than that under direct sales channel if the home copayment rate is too high.
Subjects: 
Copayment rate
direct and indirect sales channeles
external reference pricing
reimbursement policy
JEL: 
F10
I11
I18
D42
Creative Commons License: 
cc-by-nc-sa Logo
Document Type: 
Article

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