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EU Enlargement, Parallel Trade and Price Competition in Pharmaceuticals: Has the Price Competition increased?

Författare och institution:
D. Granlund (-); Miyase Yesim Köksal-Ayhan (Institutionen för nationalekonomi med statistik)
Publicerad i:
B E Journal of Economic Analysis & Policy, 16 ( 2 ) s. 1069-1092
ISSN:
1935-1682
Publikationstyp:
Artikel, refereegranskad vetenskaplig
Publiceringsår:
2016
Språk:
engelska
Fulltextlänk:
Sammanfattning (abstract):
Given the cost of trade and availability of pharmaceuticals, the driving force for parallel trade is the price difference between the source (exporting) and the destination (importing) country. An increase in the price difference or in the availability of pharmaceuticals for parallel trade should increase price competition in the destination country. Using 2003-2007 data from Sweden we investigated whether EU enlargement in 2004, when new countries with low pharmaceutical prices joined the EU, increased competition from parallel imports. Drugs facing competition from parallel imports are found to have on average 19-22% lower prices than they would have had if they had never faced such competition. The EU enlargement is, however, not found to have increased this effect, which might be explained by derogations and changes in consumer perceptions of parallel imports.
Ämne (baseras på Högskoleverkets indelning av forskningsämnen):
SAMHÄLLSVETENSKAP ->
Ekonomi och näringsliv ->
Nationalekonomi
Nyckelord:
EU enlargement, parallel trade, pharmaceuticals, price competition, european-union, imports, market, impact, drugs, Business & Economics
Postens nummer:
237485
Posten skapad:
2016-06-09 14:11

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