Uncertainty and Learning in Pharmaceutical Demand
نویسندگان
چکیده
منابع مشابه
Uncertainty and Learning in Pharmaceutical Demand
Di erences in the e ectiveness and side e ects of di erent drugs introduces uncertainty into pharmaceutical demand. This in turn introduces dynamic aspects to drug choice: patients have an incentive to experiment to gain information useful for future choices. Exploiting a rich panel dataset on anti-ulcer drug prescriptions, the purpose of this paper is to measure the importance of uncertainty a...
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Exploiting a rich panel data set on anti-ulcer drug prescriptions, we measure the effects of uncertainty and learning in the demand for pharmaceutical drugs. We estimate a dynamic matching model of demand under uncertainty in which patients learn from prescription experience about the effectiveness of alternative drugs. Unlike previous models, we allow drugs to have distinct symptomatic and cur...
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ژورنال
عنوان ژورنال: Econometrica
سال: 2005
ISSN: 0012-9682,1468-0262
DOI: 10.1111/j.1468-0262.2005.00612.x