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Does generic entry always increase consumer welfare?

dc.contributor.author Grabowski, Henry
dc.contributor.author Lewis, Tracy
dc.contributor.author Guha, Rahul
dc.contributor.author Ivanova, Zoya
dc.contributor.author Salgado, Maria
dc.contributor.author Woodhouse, Sally
dc.coverage.spatial United States
dc.date.accessioned 2016-09-13T07:35:23Z
dc.date.issued 2012
dc.identifier http://www.ncbi.nlm.nih.gov/pubmed/24624656
dc.identifier.issn 1064-590X
dc.identifier.uri https://hdl.handle.net/10161/12743
dc.description.abstract This article examines how the nature of competition between brands in a therapeutic category changes after generic entry and provide a framework for analyzing the effect of generic entry on consumer welfare that takes into account the generic free riding problem. It demonstrates that changes in competition along dimensions other than retail price--such as competition in research and development efforts and in promotional activities--may, in certain situations, result in generic entry having an overall negative impact on consumer welfare.
dc.language eng
dc.relation.ispartof Food Drug Law J
dc.subject Consumer Advocacy
dc.subject Drug Costs
dc.subject Drugs, Generic
dc.subject Economic Competition
dc.subject Humans
dc.subject United States
dc.title Does generic entry always increase consumer welfare?
dc.type Journal article
duke.contributor.id Grabowski, Henry|0099498
duke.contributor.id Lewis, Tracy|0288071
pubs.author-url http://www.ncbi.nlm.nih.gov/pubmed/24624656
pubs.begin-page 373
pubs.end-page ii
pubs.issue 3
pubs.organisational-group Duke
pubs.organisational-group Economics
pubs.organisational-group Fuqua School of Business
pubs.organisational-group Trinity College of Arts & Sciences
pubs.publication-status Published
pubs.volume 67


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