An Estimate of Parallel Trade’s Impact on Swedish Pharmaceutical Prices
(2007)Department of Economics
- Abstract
- The global pharmaceutical market has been the subject of considerable controversy in both the public and academic debate. Much of the controversy has centred around European price controls and the right of pharmaceutical manufacturers to independently set prices. This subject of this paper in one of the tools used by the EU governments control prices; namely parallel trade. The empirical research on parallel trade is scant, and there is no consensus in the literature regarding its net welfare effects, which are partly thought to be derived from the price competition generated by such trade. This paper examines whether or not such competition can be detected on the Swedish market between 1995 and 2003, and concludes that it exists and that... (More)
- The global pharmaceutical market has been the subject of considerable controversy in both the public and academic debate. Much of the controversy has centred around European price controls and the right of pharmaceutical manufacturers to independently set prices. This subject of this paper in one of the tools used by the EU governments control prices; namely parallel trade. The empirical research on parallel trade is scant, and there is no consensus in the literature regarding its net welfare effects, which are partly thought to be derived from the price competition generated by such trade. This paper examines whether or not such competition can be detected on the Swedish market between 1995 and 2003, and concludes that it exists and that it has caused prices to decline by 3–6% (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/1644041
- author
- Snellman, Victor
- supervisor
- organization
- year
- 2007
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- international trade, parallel trade, Pharmaceuticals, Economics, econometrics, economic theory, economic systems, economic policy, Nationalekonomi, ekonometri, ekonomisk teori, ekonomiska system, ekonomisk politik
- language
- English
- id
- 1644041
- date added to LUP
- 2007-02-28 00:00:00
- date last changed
- 2010-08-05 14:22:00
@misc{1644041,
abstract = {{The global pharmaceutical market has been the subject of considerable controversy in both the public and academic debate. Much of the controversy has centred around European price controls and the right of pharmaceutical manufacturers to independently set prices. This subject of this paper in one of the tools used by the EU governments control prices; namely parallel trade. The empirical research on parallel trade is scant, and there is no consensus in the literature regarding its net welfare effects, which are partly thought to be derived from the price competition generated by such trade. This paper examines whether or not such competition can be detected on the Swedish market between 1995 and 2003, and concludes that it exists and that it has caused prices to decline by 3–6%}},
author = {{Snellman, Victor}},
language = {{eng}},
note = {{Student Paper}},
title = {{An Estimate of Parallel Trade’s Impact on Swedish Pharmaceutical Prices}},
year = {{2007}},
}