Entry in the ADHD drugs market: Welfare impact of generics and me-toos

Bokhari, Farasat and Fournier, Gary (2013) Entry in the ADHD drugs market: Welfare impact of generics and me-toos. Journal of Industrial Economics, 61 (2). 339–392. ISSN 1467-6451

[img]
Preview
PDF (joie12017) - Published Version
Download (448kB) | Preview

    Abstract

    Recent decades have seen a growth in treatments for attention deficit hyperactivity disorder (ADHD) including many branded and generic drugs. In the early 2000's, new drug entry dramatically altered market shares. We estimate a demand system for ADHD drugs and assess the welfare impact of new drugs. We find that entry induced large welfare gains by reducing prices of substitute drugs, and by providing alternative delivery mechanisms for existing molecules. Our results suggest that the success of follow-on patented drugs may come from unanticipated innovations like delivery mechanisms, a factor ignored by proposals to retard new follow-on drug approvals.

    Item Type: Article
    Faculty \ School: Faculty of Social Sciences > School of Economics
    Related URLs:
    Depositing User: Julie Frith
    Date Deposited: 16 Jan 2013 16:15
    Last Modified: 17 Feb 2019 00:44
    URI: https://ueaeprints.uea.ac.uk/id/eprint/40801
    DOI: 10.1111/joie.12017

    Actions (login required)

    View Item