論文・出版
Margin Rate Rule: A New Drug Pricing Policy in Japan
| タイトル | Margin Rate Rule: A New Drug Pricing Policy in Japan |
|---|---|
| 英語タイトル | Margin Rate Rule: A New Drug Pricing Policy in Japan |
| 著者名 | Tamura, Masaoki |
| キーワード | |
| 発行日 | 2014/06/18 |
| 出版者 | 一橋大学イノベーション研究センター |
| シリーズ番号 | WP#14-03 |
| URL | |
| シリーズ名 | IIR Working Paper |
| 概要 | This article theoretically evaluates the drug pricing policy in Japan and suggest an alternative more efficient policy. The Japanese current pricing rule “R2 rule” causes high drug price and social inefficiency that is similar to the well-known double marginalisation problem. To solve this problem, we derive an alternative pricing rule that we name “margin rate rule”. We show that the margin rate rule improves Pareto efficiency: the rule leads to both lower drug price and higher profit of the firms. There are three notable advantages in the margin rate rule. First, the government does not have to estimate the demand function, though it has the target price. The pharmaceutical firms, not the government, estimate drug efficacy, competition, and other demand information in pricing drugs. In this sense, the margin rate rule is a decentralised rule, and easy to manage. Second, the government can control the profit share between the firms and pharmacies in order to encourage pharmaceutical innovation. Third, the government can also control the drug-price margins so that meditations are not biased. |
