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Countervailing power in wholesale pharmaceuticals

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Published by Massachusetts Institute of Technology, Dept. of Economics in Cambridge, MA .
Written in English


Book details:

Edition Notes

StatementSara F. Ellison [and] Christopher M. Snyder
SeriesWorking paper series / Massachusetts Institute of Technology, Dept. of Economics -- working paper 01-27, Working paper (Massachusetts Institute of Technology. Dept. of Economics) -- no. 01-27.
ContributionsSnyder, Christopher M., Massachusetts Institute of Technology. Dept. of Economics
The Physical Object
Pagination36 p., [2] p. of plates :
Number of Pages36
ID Numbers
Open LibraryOL24639627M
OCLC/WorldCa49817503

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Countervailing Power in Wholesale Pharmaceuticals Sara Fisher Ellison Christopher M. Snyder M.I.T. Dartmouth College July Abstract: The conventional wisdom that larger buyers have more “countervailing power” (i.e., receive lower prices from suppliers) than small buyers has motivated a growing theoretical liter-ature. COUNTERVAILING POWER IN WHOLESALE PHARMACEUTICALS. COUNTERVAILING POWER IN WHOLESALE. PHARMACEUTICALS. SaraFisherEllisonw. z. Using data on wholesale prices for antibiotics sold to U.S. drugstores, we test the growing theoretical literature on ‘countervailing power’ (a. term fortheability oflarge buyersto extractdiscountsfrom suppliers). Using data on wholesale prices for antibiotics sold to U.S. drugstores, we test the growing theoretical literature on ‘countervailing power’ (a term for the ability of large buyers to extract discounts from suppliers). Large drugstores receive a modest discount for antibiotics produced by competing suppliers but no discount for antibiotics produced by monopolists.

"Countervailing Power In Wholesale Pharmaceuticals," Journal of Industrial Economics, Wiley Blackwell, vol. 58(1), pages , March. Handle: RePEc:bla:jindec:vyip DOI: /jx.   Countervailing Power in Wholesale Pharmaceuticals. MIT Dept. of Economics Working Paper No. 40 Pages Posted: 25 Jul See all articles by Sara Fisher Ellison theories in the industrial organization literature explaining the conventional wisdom that larger buyers may have more "countervailing power" than small buyers, in that they. 1 Introduction Galbraith () suggested that large buyers have an advantage in extracting price concessions from suppliers. He called this effect the countervailing power of large buyers because he foresaw it as countervailing the market power of large suppliers. ‘Countervailing power’ is a term coined by J.K. Galbraith () to describe the ability of large buyers in concentrated downstream markets to extract price concessions from suppliers.

Countervailing Power in Wholesale Pharmaceuticals Abstract: There are a number of theories in the industrial organization literature explaining the conventional wisdom that larger buyers may have more “counterva iling power” than small buyers, in that they receive lower prices from suppliers. We test the theories empirically using data on.   ELLISON, SARA FISHER and Snyder, Christopher M., Countervailing Power in Wholesale Pharmaceuticals. The Journal of Industrial Economics, Vol. 58, Issue 1, pp. , March Available at SSRN: = or   COUNTERVAILING POWER IN WHOLESALE PHARMACEUTICALS ELLISON, SARA FISHER; SNYDER, CHRISTOPHER M. I. INTRODUCTION G [] suggested that large buyers have an advantage in extracting price concessions from suppliers. He called this effect the countervailing power of large buyers because he foresaw it as countervailing the market power of . Abstract ‘Countervailing power’ is a term coined by J.K. Galbraith () to describe the ability of large buyers in concentrated downstream markets to extract price concessions from suppliers.