Who benefits from pharmaceutical price controls? Evidence from India

• 成果类型: Article
• 署名作者: Dean, Emma B.
• 署名单位: Dartmouth College
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/j.jpubeco.2025.105478
• 发表日期: 2025
• 关键词: Pharmaceutical industry; Price controls; INDIA

摘要

This study examines the impacts of pharmaceutical price controls in a middle-income country setting, focusing on an implementation of pharmaceutical price ceilings in India. In the short-term, it finds that price controls led to declining prices for directly-impacted and competing products and increased market share for high-quality products. However, after price controls were implemented, low-priced firms were more likely to exit price-controlled markets and sales of price-controlled products declined in markets with stronger price controls. The benefits of the legislation were largest for quality-sensitive consumers, while the downsides most affected price-sensitive consumers.