How Did the 2003 Prescription Drug Re-Importation Bill Pass the House?
Abstract
the major interest groups in the debate over allowing the re-importation of prescription
drugs by utilizing a logit model and instrumental variables. Consistent with political
support approach, the evidence suggests that Representatives are maximizing their
electoral prospects: contributions from pharmaceutical manufacturers shrink the probability
of voting for the bill; and Representatives are sensitive to their constituencies
- employees of pharmaceutical manufacturing and senior citizens. Representatives'
gender and ideology regarding free trade and subsidies are also determining factors.
However, the decision was, by and large, a partisan one: party affiliation was the
most important factor in passing the bill.
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Henry G. Grabowski
Professor Emeritus of Economics
Professor Grabowski specializes in the investigation of economics in the pharmaceutical
industry, government regulation of business, and the economics of innovation. His
specific interests within these fields include intellectual property and generic competition
issues, the effects of government policy actions, and the costs and returns to pharmaceutical
R&D. He has been publishing research papers for over four decades, from his earlier
work, “The Effects of Regulatory Policy on the Incentives
Edward Tower
Professor of Economics
Professor Tower specializes in finance, computable general equilibrium modeling, macroeconomics,
development economics, microeconomics, and managerial economics. He conducts a majority
of his research within the study of trade and development, exploring a variety of
variables from tariffs, quotas, and time zone arbitrage, to equities, mutual funds,
and index mutual funds. Since he began publishing his work in 1965, he has contributed
over 130 articles to leading academic journals and has had s
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