Exact(2)
Kirzner (1973) 122 Competition and entrepreneurship Focused on the role of entrepreneurs as drivers of market process since they detect unnoticed profit opportunities and thus influence price setting.
However, other regulatory instruments e.g. physician drug budgets and co-payments may influence price setting of manufacturers indirectly [ 3].
Similar(6)
Our HHI calculation also accounts for membership in a hospital system, which has been shown to influence hospital price setting.
Note that if the recession ends at time τ, we still have the direct influence of the price set during the final time interval of length σ of the recession.
In the initial phase of the normal period the demand is directly influenced by the price set in the last interval of the recession.
7 Factors that reportedly influence their price setting include research and development (R & D) costs, clinical effectiveness, drug quality and disease prevalence.
There is inadequate data to determine whether clinical effectiveness influences the price setting of orphan drugs.
Clemens and Gottlieb [8] demonstrate that private payments are heavily influenced by prices set by Medicare, which are in turn a direct function of Medicare's cost estimates for procedures.
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