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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18597Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Augurzky, Boris | - |
| dc.creator | Göhlmann, Silja | - |
| dc.creator | Greß, Stefan | - |
| dc.creator | Wasem, Jürgen | - |
| dc.date | 2006 | - |
| dc.date.accessioned | 2013-10-16T07:00:44Z | - |
| dc.date.available | 2013-10-16T07:00:44Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/18597 | - |
| dc.identifier | ppn:51635700X | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18597 | - |
| dc.description | This paper examines effects of reference pricing for prescription drugs in German social health insurance based on econometric panel data methods. We analyze the effect on ex-factory prices. Moreover, we investigate whether manufacturers adapt prices of their products not subject to reference pricing as a consequence of changes in reference prices of their products subject to reference pricing.We use a large panel data set of nearly all German prescription drugs on a monthly basis between October 1994 and July 2005. Altogether, the data comprise almost 4 million observations. They provide information on ex-factory prices, reference prices, manufacturers, type of prescription drug, and market entries and exits. Our results show that there is no full price adjustment:A 1%-change in reference prices leads to a 0.3%-change in market prices. Price adjustment, however, is fast, it mostly happens in the first month. Furthermore, the first introduction of a reference price reduces market prices of the affected products by approximately 14%. Finally, we observe a significant time effect which is positive in the market without reference prices and negative in that with reference price. | - |
| dc.language | eng | - |
| dc.publisher | - | |
| dc.relation | RWI Discussion Papers 46 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | I11 | - |
| dc.subject | I18 | - |
| dc.subject | ddc:330 | - |
| dc.subject | Price elasticity | - |
| dc.subject | temporal development | - |
| dc.subject | fixed effects model | - |
| dc.title | The effects of reference pricing on ex-factory prices of Rx drugs in Germany : a panel data approach | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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