India Studies in Business and Economics

Regulating Pharmaceutical Prices in India

Policy Design, Implementation and Compliance

Authors: Bhaskarabhatla, Ajay

  • Based on rigorous analysis of comprehensive time-series data on the industry
  • Written for administrators, policy makers, as well as researchers dealing with regulation and pharma industry
  • Presents ways to improve pharmaceutical price controls 
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eBook 91,62 €
price for Spain (gross)
  • ISBN 978-3-319-93393-1
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 114,39 €
price for Spain (gross)
  • ISBN 978-3-319-93392-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
About this book

This book presents an extensive study on the effectiveness of recent regulations on pharmaceutical prices in India, exploring the weaknesses in the design and implementation of pharmaceutical price controls and investigating what can be done to fix the broken system.

In addition, it examines the extent to which essential medicines are actually made affordable by price controls. The book argues that companies make the pharmaceutical price control regime largely ineffective by coordinating to increase pre-regulation prices; by diversifying horizontally away from the regulated markets and increasing prices in the unregulated markets; by manipulating trade margins; and by refusing to comply with the regulation because the penalties remains negligible.

The book draws on extensive empirical research involving India’s 2013 Drug Price Control Order and widely-used medicines such as paracetamol and metformin to illustrate how firms have weakened regulation. It argues that the regulatory regime can be strengthened by using systematic analysis of product- and region-level data in the Indian pharmaceutical industry, and by screening for the strategies that firms currently employ to circumvent regulation. In closing, it discusses recent efforts to strengthen the implementation of price controls in India and expanding the scope of price controls to medical devices.



About the authors

Ajay Bhaskarabhatla is an associate professor at Erasmus School of Economics, The Netherlands. Ajay’s research on the Indian pharmaceutical industry has been published in top peer-reviewed journals.

Table of contents (9 chapters)

  • Introduction

    Bhaskarabhatla, Ajay

    Pages 1-7

    Preview Buy Chapter 30,19 €
  • Brief History of Regulating Pharmaceutical Prices

    Bhaskarabhatla, Ajay

    Pages 11-31

    Preview Buy Chapter 30,19 €
  • Is the 2013 Price Control Regulation Necessary?

    Bhaskarabhatla, Ajay

    Pages 33-67

    Preview Buy Chapter 30,19 €
  • The Proposed Design to Fix Ceiling Prices Under 2013 DPCO

    Bhaskarabhatla, Ajay

    Pages 71-80

    Preview Buy Chapter 30,19 €
  • Challenges with Fixing the Ceiling Price Under the 2013 DPCO

    Bhaskarabhatla, Ajay

    Pages 81-115

    Preview Buy Chapter 30,19 €

Buy this book

eBook 91,62 €
price for Spain (gross)
  • ISBN 978-3-319-93393-1
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 114,39 €
price for Spain (gross)
  • ISBN 978-3-319-93392-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
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Bibliographic Information

Bibliographic Information
Book Title
Regulating Pharmaceutical Prices in India
Book Subtitle
Policy Design, Implementation and Compliance
Authors
Series Title
India Studies in Business and Economics
Copyright
2018
Publisher
Springer International Publishing
Copyright Holder
Springer International Publishing AG, part of Springer Nature
eBook ISBN
978-3-319-93393-1
DOI
10.1007/978-3-319-93393-1
Hardcover ISBN
978-3-319-93392-4
Series ISSN
2198-0012
Edition Number
1
Number of Pages
IX, 306
Number of Illustrations and Tables
6 b/w illustrations, 18 illustrations in colour
Topics