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Detail
ArtikelEntry Decisions in The Generic Pharmaceutical Industry  
Oleh: Morton, Fiona M. Scott
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Rand Journal of Economics vol. 30 no. 3 (1999), page 421-440.
Topik: PHARMACEUTICAL INDUSTRY; entry decisions; generic pharmaceutical industry
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: RR10.3
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
    Lihat Detail Induk
Isi artikelData on all generic drug entries in the period 1984 - 1994 are used to estimate which markets heterogeneous potential entrants will decide to enter. I find that organizational experience predicts entry. Firms tend to enter markets with supply and demand characteristics similar to the firm's existing drugs. Larger revenue markets, markets with more hospital sales, and products that treat chronic conditions attract more entry. The simultaneous nature of entry leads to an additional interpretation : specialization is profitable because of the severe risk to profits when a market is "overentered." However, I am unable to make any conclusions about the efficiency of entry decisions.
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