Elasticity of demand of an antidepressant drug in Colombia as an strategy to assess market power

"This article develops an estimation of the price elasticity of demand of a medication ""type"" for treating depression. This disorder affects physically and mentally a big part of the population around the world. This disorder is considered an important public health proble...

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Autores Principales: Cadena-Lozano, Javier Bernardo, Ariza-Garzón, Miller Janny, Pulido-Cruz, Carlos Gerardo
Formato: Artículo (Article)
Lenguaje:Inglés (English)
Publicado: Pontificia Universidad Javeriana 2016
Materias:
Acceso en línea:https://repository.urosario.edu.co/handle/10336/23204
https://doi.org/10.11144/Javeriana.rgyps15-31.edma
id ir-10336-23204
recordtype dspace
spelling ir-10336-232042021-01-21T08:26:52Z Elasticity of demand of an antidepressant drug in Colombia as an strategy to assess market power Elasticidades de demanda de un medicamento antidepresivo en Colombia como estrategia para evaluar poder de Mercado Cadena-Lozano, Javier Bernardo Ariza-Garzón, Miller Janny Pulido-Cruz, Carlos Gerardo Antidepressive agents Elasticity Health policy Pharmaceutical preparations Public policy "This article develops an estimation of the price elasticity of demand of a medication ""type"" for treating depression. This disorder affects physically and mentally a big part of the population around the world. This disorder is considered an important public health problem whose preva-lence has been increasing. For the purpose of this research two econometric models of vectors were estimated for the previous period of the issuance of Circular 03 of 2013, which regulates the price of medications in Colombia. The outcomes of the estimation show a non-significant price elasticity of 0.35 %, that is to say, changes in price do not generate the expected response in demand. This result suggests that the company, which produces this type of medication, exerts significant power in the market. Therefore, this result proves the need to implement the Circular." 2016 2020-05-26T00:00:20Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion 16577027 https://repository.urosario.edu.co/handle/10336/23204 https://doi.org/10.11144/Javeriana.rgyps15-31.edma eng info:eu-repo/semantics/openAccess application/pdf Pontificia Universidad Javeriana instname:Universidad del Rosario reponame:Repositorio Institucional EdocUR
institution EdocUR - Universidad del Rosario
collection DSpace
language Inglés (English)
topic Antidepressive agents
Elasticity
Health policy
Pharmaceutical preparations
Public policy
spellingShingle Antidepressive agents
Elasticity
Health policy
Pharmaceutical preparations
Public policy
Cadena-Lozano, Javier Bernardo
Ariza-Garzón, Miller Janny
Pulido-Cruz, Carlos Gerardo
Elasticity of demand of an antidepressant drug in Colombia as an strategy to assess market power
description "This article develops an estimation of the price elasticity of demand of a medication ""type"" for treating depression. This disorder affects physically and mentally a big part of the population around the world. This disorder is considered an important public health problem whose preva-lence has been increasing. For the purpose of this research two econometric models of vectors were estimated for the previous period of the issuance of Circular 03 of 2013, which regulates the price of medications in Colombia. The outcomes of the estimation show a non-significant price elasticity of 0.35 %, that is to say, changes in price do not generate the expected response in demand. This result suggests that the company, which produces this type of medication, exerts significant power in the market. Therefore, this result proves the need to implement the Circular."
format Artículo (Article)
author Cadena-Lozano, Javier Bernardo
Ariza-Garzón, Miller Janny
Pulido-Cruz, Carlos Gerardo
author_facet Cadena-Lozano, Javier Bernardo
Ariza-Garzón, Miller Janny
Pulido-Cruz, Carlos Gerardo
author_sort Cadena-Lozano, Javier Bernardo
title Elasticity of demand of an antidepressant drug in Colombia as an strategy to assess market power
title_short Elasticity of demand of an antidepressant drug in Colombia as an strategy to assess market power
title_full Elasticity of demand of an antidepressant drug in Colombia as an strategy to assess market power
title_fullStr Elasticity of demand of an antidepressant drug in Colombia as an strategy to assess market power
title_full_unstemmed Elasticity of demand of an antidepressant drug in Colombia as an strategy to assess market power
title_sort elasticity of demand of an antidepressant drug in colombia as an strategy to assess market power
publisher Pontificia Universidad Javeriana
publishDate 2016
url https://repository.urosario.edu.co/handle/10336/23204
https://doi.org/10.11144/Javeriana.rgyps15-31.edma
_version_ 1690577355509071872
score 11,828437