PHP24: GENERIC COMPETITION IN THE PHARMACEUTICAL INDUSTRY

How Increased Competition from Generic Drugs Has Affected Prices and Returns in the Pharmaceutical Industry

Explaining Vertical Integration in the Generic Pharmaceutical Industry

This paper explores the motives for vertical integration in the US generic pharmaceutical industry. There is some evidence of strategic complementarity: a firm is more likely to enter a generic drug market in a vertically integrated manner if it expects a higher degree of vertical integration among rivals. This suggests that vertical integration is characterized by bandwagon behavior. While ban...

Patent Expiration, Entry, and Competition in the U.S. Pharmaceutical Industry

THE ETHICAL PHARMACEUTICAL industry is an important one, not so much for its economic size as for the benefits that it delivers to users of its products. The industry has been transformed structurally since the 1940s from a producer of selected chemicals to a research-oriented sector that makes a major contribution to the technology of health care. I Its very success in generating a stream of n...

A Blow to Free Competition in the Chilean Pharmaceutical Industry

The charge made by the Court led to an exhaustive investigation by the Fiscalia Nacional Economica (FNE), the national prosecutor for economic crimes, which oversees free competition in the country. The agency used documents and telephone calls to prove that during that time period, the three chains agreed clandestinely to raise the price of some medications by as much as 97%. Most notably, thi...

Bank Competition and Risk-taking in the Iranian Banking Industry

Abstract: The banking industry is one of the main sectors of the economy of any country, that its health is a necessary condition to play a positive role in the economic development of that country. The health of the banking system is assessed by the financial stability criterion, which is evaluated by various risk-taking indexes. On the other hand, the banks risk-taking is affected by various...