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A general-equilibrium analysis of public policy for pharmaceutical prices

Publication Date

2005-January-01

Document Type

working paper

Authors

Kelton, Christina M. L.

Rebelein, Robert P.

Department or Program

Economics Department

Document Type

Working Paper

Abstract

Retail sales of prescription drugs totaled $154.5 billion in 2001. The National Institute for Health Care Management estimates annual sales will exceed $400 billion by the year 2010. This paper analyzes the welfare and distributional effects of two policy families...

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A general-equilibrium analysis of public policy for pharmaceutical prices

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