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Sloan School of Management Program on the Pharmaceutical Industry

Overview
Works: 29 works in 30 publications in 1 language and 35 library holdings
Classifications: HB1, 338.064
Publication Timeline
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Publications about Sloan School of Management
Publications by Sloan School of Management
Most widely held works by Sloan School of Management
Network effects and diffusion in pharmaceutical markets : antiulcer drugs by Ernst R Berndt( Book )
1 edition published in 1999 in English and held by 4 libraries worldwide
We examine the role of network effects in the demand for pharmaceuticals at both the brand level and for a therapeutic class of drugs. These effects emerge when use of a drug by others conveys information about its efficacy and safety to patients and physicians. This can lead to herd behavior where a particular drug -- not necessarily the most efficacious or safest -- can come to dominate the market despite the availability of close substitutes, and can also affect the rate of market diffusion. Using data for H2-antagonist antiulcer drugs, we examine two aspects of these effects. First, we use hedonic price procedures to estimate how the aggregate usage of a drug affects brand valuation. Second, we estimate discrete-time diffusion models at both the industry and brand levels to measure the impact on rates of diffusion and market saturation
A life-cycle financial model of pharmaceutical R&D by Stewart C Myers( Book )
1 edition published in 1997 in English and held by 3 libraries worldwide
Do pharmaceutical sales respond to scientific evidence? by Pierre Azoulay( Book )
2 editions published between 1999 and 2001 in English and held by 2 libraries worldwide
Project management and the performance of drug development teams by Thomas Allen( Book )
1 edition published in 1999 in English and held by 1 library worldwide
Scale and scope in drug development : unpacking the advantages of size in pharmaceutical research by Iain Cockburn( Book )
1 edition published in 1996 in English and held by 1 library worldwide
An economic framework for evaluating personalized medicine ( Book )
1 edition published in 2003 in English and held by 1 library worldwide
Entry in pharmaceutical markets by Margaret K Kyle( Book )
1 edition published in 2002 in English and held by 1 library worldwide
Empirical implications of physician authority in pharmaceutical decisionmaking by Scott Stern( Book )
1 edition published in 1998 in English and held by 1 library worldwide
This paper studies the consequences of physician authority on pharmaceutical prescribing. Physicians engage in a costly process of particular conditions and characteristics. The relative efficiency of this matching process results from the diagnostic skill of the physician along with the investments made by the doctor in learning about different drugs. While the underlying level of physician skill or knowledge cannot be observed, differences among physicians in terms of these attributes are reflected in their prescribing behavior. We provide evidence for two major findings regarding the exercise of physician authority in this context. First, there is substantial variation in the degree to which physician prescribing is concentrated (i.e., some physicians prescribe a more diverse portfolio of drugs than others). Second, this concentration is correlated with observable drug characteristics. In particular, concentrated prescribers tend to prescribe drugs with high levels of advertising, low prices, and high (lagged) market shares. Our empirical results provide evidence for the importance of both physician effort and diagnostic ability in the prescribing process. In particular, physicians who differentiate among their patients more finely are more likely to have less concentrated prescribing portfolios and to be less sensitive to information sources which promote the use of drugs for the
Active learning from process data by Gokaraju Kanaka Prasad Raju( Book )
1 edition published in 2001 in English and held by 1 library worldwide
Market definition and the returns to innovation : substitution patterns in pharmaceutical markets by Scott Stern( Book )
1 edition published in 1996 in English and held by 1 library worldwide
Incentives and knowledge in organizational and technological change : the case of drug discovery in the 1980s by Scott Stern( Book )
1 edition published in 1996 in English and held by 1 library worldwide
Loss of work productivity due to illness and medical treatment ( Book )
1 edition published in 1998 in English and held by 1 library worldwide
The treatment of depression, 1991-1996 : productive inefficiency, expected outcome variations, and price indexes ( Book )
1 edition published in 2000 in English and held by 1 library worldwide
Price Indexes for Medical Care Goods and Services an Overview of Measurement Issues ( Book )
1 edition published in 1998 in English and held by 1 library worldwide
We review in considerable detail the conceptual and measurement issues that underlie construction of medical care price indexes in the U.S., particularly the medical care consumer price indexes (MCPIs) and medical-related producer price indexes (MPPIs). We outline salient features of the medical care marketplace, including the impacts of insurance, moral hazard, principal-agent relationships, technological progress and organizational changes. Since observed data are unlikely to correspond with efficient outcomes, we discuss implications of the failure of transactions data in this market to reveal reliable marginal valuations, and the consequent need to augment traditional transactions data with information based on cost-effectiveness and outcomes studies. We describe procedures currently used by the BLS in constructing MCPIs and MPPIs, including recent revisions, and then consider alternative notions of medical care output pricing that involve the price or cost of an episode of treatment, rather than prices of fixed bundles of inputs. We outline features of a proposed new experimental price index -- a medical care expenditure price index -- that is more suitable for evaluation and analyses of medical care cost changes, than are the current MCPIs and MPPIs. We conclude by suggesting future research and measurement issues that are most likely to be fruitful
The many faces of outsourcing : adjustment costs, transaction costs, and governance spillovers by Pierre Azoulay( Book )
1 edition published in 2001 in English and held by 1 library worldwide
Balancing incentives : the tension between basic and applied research by Iain Cockburn( Book )
1 edition published in 1998 in English and held by 1 library worldwide
This paper presents empirical evidence that the intensity of research workers' incentives for the distinct tasks of basic and applied research are positively associated with each other. We relate this finding to the prediction of the theoretical literature that when effort is multi-dimensional, firms will balance' the provision of incentives; when incentives are strong along one dimension, firms will set high-powered incentives for effort along other dimensions which compete for the worker's effort and attention (Holmstrom and Milgrom, 1991). We test for this effect in the context of pharmaceutical research using detailed data on individual research programs financed by private firms. Consistent with the complementarity hypothesis, we find strong evidence that firms who provide strong promotion-based incentives for individuals to invest in fundamental or basic' research also provide more intense incentives for success in applied research through the capital budgeting process. The intensity of these bonus' incentives is weaker in firms who use a more centralized research budgeting process. We interpret this latter finding as providing support for theories which emphasize substitutability between contractible and non-contractible signals of effort (Baker, Gibbons, and Murphy, 1994)
The U.S. pharmaceutical industry: why significant growth in times of cost containment? by Ernst R Berndt( Book )
1 edition published in 2000 in English and held by 1 library worldwide
Lost work productivity and absenteeism among parents of children with asthma ( Book )
1 edition published in 2000 in English and held by 1 library worldwide
Illness and productivity : objective workplace evidence ( Book )
1 edition published in 1997 in English and held by 1 library worldwide
The contributions of science and technology in advancing society's needs through drug development ( Book )
1 edition published in 2001 in English and held by 1 library worldwide
 
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English (21)
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