Department of Economics and Business Economics

Marianne Simonsen

Price Sensitivity of Demand for Prescription Drugs: Exploiting a Regression Kink Design

Research output: Research - peer-reviewJournal article

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Price Sensitivity of Demand for Prescription Drugs : Exploiting a Regression Kink Design. / Simonsen, Marianne; Skipper, Lars; Skipper, Niels.

In: Journal of Applied Econometrics, Vol. 31, No. 2, 2016, p. 320-337.

Research output: Research - peer-reviewJournal article

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Bibtex

@article{6b7c3840ef27453f88e688d16200131e,
title = "Price Sensitivity of Demand for Prescription Drugs: Exploiting a Regression Kink Design",
abstract = "We investigate price sensitivity of demand for prescription drugs, using drug purchase records for the entire Danish population. We identify price responsiveness by exploiting variation in prices caused by kinked reimbursement schemes and implement a regression kink design. The results suggest some price responsiveness with corresponding price elasticities ranging from −0.2 to −0.7. Individuals with chronic disease and especially individuals above the age of 65 respond less to the price of drugs.",
author = "Marianne Simonsen and Lars Skipper and Niels Skipper",
note = "Campus adgang til artiklen / Campus access to the article",
year = "2016",
doi = "10.1002/jae.2436",
volume = "31",
pages = "320--337",
journal = "Journal of Applied Econometrics",
issn = "0883-7252",
publisher = "Wiley",
number = "2",

}

RIS

TY - JOUR

T1 - Price Sensitivity of Demand for Prescription Drugs

T2 - Journal of Applied Econometrics

AU - Simonsen,Marianne

AU - Skipper,Lars

AU - Skipper,Niels

N1 - Campus adgang til artiklen / Campus access to the article

PY - 2016

Y1 - 2016

N2 - We investigate price sensitivity of demand for prescription drugs, using drug purchase records for the entire Danish population. We identify price responsiveness by exploiting variation in prices caused by kinked reimbursement schemes and implement a regression kink design. The results suggest some price responsiveness with corresponding price elasticities ranging from −0.2 to −0.7. Individuals with chronic disease and especially individuals above the age of 65 respond less to the price of drugs.

AB - We investigate price sensitivity of demand for prescription drugs, using drug purchase records for the entire Danish population. We identify price responsiveness by exploiting variation in prices caused by kinked reimbursement schemes and implement a regression kink design. The results suggest some price responsiveness with corresponding price elasticities ranging from −0.2 to −0.7. Individuals with chronic disease and especially individuals above the age of 65 respond less to the price of drugs.

U2 - 10.1002/jae.2436

DO - 10.1002/jae.2436

M3 - Journal article

VL - 31

SP - 320

EP - 337

JO - Journal of Applied Econometrics

JF - Journal of Applied Econometrics

SN - 0883-7252

IS - 2

ER -