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“The Economics of Public Pharmacies: Quasi- and Experimental Evidence from Local Markets”

28Nov

El Centro de Economía Aplicada del Departamento de Ingeniería Industrial y  El Instituto Milenio para la Investigación en Imperfecciones de Mercado y Políticas Publicas  de la Universidad de Chile, tienen el agrado de invitarlo a la presentación del paper:

 

“The Economics of Public Pharmacies: Quasi- and Experimental Evidence from Local Markets”, a cargo de Felipe Gonzalez (PUC Chile), joint work with Juan Pablo Atal (UPenn), José Ignacio Cuesta (UChicago), and Cristóbal Otero (Berkeley).

 

Abstract:

Policies to decrease the price of pharmaceuticals are highly debated but evidence about their effectiveness is scarce. We provide the first analysis of a policy that introduces public pharmacies selling pharmaceuticals at reduced prices in local markets in Chile. Using experimental and quasi-experimental methods, we present three findings. First, information about public pharmacies improves consumers’ knowledge of the choice set and knowledge about the attributes of alternatives. Second, the opening of a public pharmacy is associated with increased prices and reduced sales in nearby private pharmacies. Third, an analysis of voting decisions for the mayors who opened these pharmacies reveals a positive evaluation of this policy. We conclude that public pharmacies can change the functioning of pharmaceutical markets but information about alternatives is crucial.

 

https://sites.google.com/site/fagonzal4/

 

El seminario se realizará el MIERCOLES 28 DE NOVIEMBRE a las 13:00hrs., en la SALA CONSEJO de BEAUCHEF 851, PISO 4, Depto. de Ingeniería Industrial.

 

Próximos seminarios CEA-MIPP MES DE DICIEMBRE

 

Alessandra Pizzo (U Chile)

Miércoles, 5 de diciembre; 13:00 – 14:00

Sala Consejo, piso 4, BP 851, DII

 

Gonzalo Cisternas (MIT Sloan)

Martes, 18 de diciembre; 13:30 – 14:30

Sala 316, piso 3, BP 851, DII

 

Asher Wolinsky (Northwestern University)

Miércoles, 19 de diciembre; 13:00 – 14:00

Sala Consejo, piso 4, BP 851, DII

 

Más información se encuentra disponible en nuestra página web: http://www.mipp.cl/seminars