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Price regulation and relative delays in generic drug adoption

Costa-i-Font, Joan, McGuire, Alistair and Varol, Nebibe (2014) Price regulation and relative delays in generic drug adoption. Journal of Health Economics . ISSN 0167-6296 (In Press)

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Abstract

Increasing the adoption of generic drugs has the potential to improve static efficiency in a health system without harming pharmaceutical innovation. However, very little is known about the timing of generic adoption and diffusion. No prior study has empirically examined the differential launch times of generics across a comprehensive set of markets, or more specifically the delays in country specific adoption of generics relative to the first country of (generic) adoption. Drawing on data containing significant country and product variation across a lengthy time period (1999 to 2008), we use duration analysis to examine relative delays, across countries, in the adoption of generic drugs. Our results suggest that price regulation has a significant effect on reducing the time to launch of generics, with faster adoption in higher priced markets. The latter result is dependent on the degree of competition and the expected market size.

Item Type: Article
Official URL: http://www.journals.elsevier.com/journal-of-health...
Additional Information: © 2014 Elsevier B.V.
Library of Congress subject classification: R Medicine > RA Public aspects of medicine > RA0421 Public health. Hygiene. Preventive Medicine
Sets: Departments > European Institute
Departments > Social Policy
Research centres and groups > Centre for Economic Performance (CEP)
Research centres and groups > LSE Health and Social Care
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 08 Apr 2014 10:52
URL: http://eprints.lse.ac.uk/56410/

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