Ulteriori informazioni
"In Economics 101, we learn that competition and competitive markets provide the biggest bang for the buck. In a perfectly competitive world, scarce resources are allocated in the most efficient way; the goods and services that are valued most highly are produced in the right quantities and are priced appropriately. Perfectly competitive markets, therefore, maximize social welfare, which is the sum of consumer surplus and producer surplus. Market imperfections can impede the competitive process and introduce inefficiencies which, in time, can reduce the well-being of society. These imperfections include externalities, public goods, asymmetric information, and monopoly power. The public policy response to these market failures is to promote and preserve competition. Concerns over market imperfections are also present in the U.S. health care sector. Departures from competition can lead to poor quality care and cause losses in the hundreds of billions of dollars"--
Sommario
1. Health care markets and competition policy; 2. Antitrust policy in the United States; Section I. Monopoly: 3 Patents and monopoly pricing of pharmaceuticals; 4. Patents and exclusionary product hopping; 5. Bundled discounts and peace health; Section II. Seller Cartels: 6. Collusion in health care markets; 7. Collusion in generic drug markets; 8. The hatch-waxman act, patent infringement suits, and reverse payments; Appendix; The economics of settlements; 9. The alleged insulin conspiracy; 10. Licensing of health care professionals; Section III. Monopsony: 11. Monopsony, dominant buyers, and oligopsony; 12. Countervailing power - physician collective bargaining; 13. Group purchasing organizations, monopsony, and antitrust policy; Section IV. Buyer Cartels: 14. Collusion in the nurse labor market; 15. Collusion in the oocyte market; 16. No-Poaching agreements and antitrust policy; Section V. Mergers and Acquisitions: 17. The economics of horizontal mergers; 18. Horizontal merger policy; 19. The economic theory of vertical integration; 20. Vertical merger policy; 21. Concluding remarks.
Info autore
Roger D. Blair is Professor of Economics at the University of Florida.Christine Piette Durrance is Associate Professor in the La Follette School of Public Affairs at the University of Wisconsin-Madison.Tirza Angerhofer is Doctoral Fellow of Economics at Duke University.
Riassunto
This book is aimed at anyone who is concerned about the lack of competition in health care markets and the steadily rising cost of health care in the United States. It integrates principles of economics and antitrust policy to explain how monopoly and monopsony contribute to soaring health care costs in the US and explores antitrust remedies.
Prefazione
Explains how monopoly and monopsony contribute to soaring health care costs in the US and explores antitrust remedies.
