01.09.2015 | Editorial
Western European markets for biosimilar and generic drugs: worth differentiating
Erschienen in: The European Journal of Health Economics | Ausgabe 7/2015
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Health is a typical field where the economic theory of market competition does not enjoy the basic conditions to work. The pharmaceutical market, in which the most important private health care industry flourishes, is no exception; rather, it is one of the most striking examples of market failure (on both the demand and supply sides) caused by lack of price competition. To tackle these problems, public intervention on pricing and reimbursement has traditionally been far more extensive than on most other goods. …Anzeige