Table 3.
Elasticity differences by drug categories
Mean elasticity | Std. Dev. | |
---|---|---|
Acute drugs | −0.14 | 0.25 |
Chronic drugs | −0.41 | 0.71 |
Non-maintenance drugs | −0.04 | 0.27 |
Maintenance drugs | −0.28 | 0.51 |
Branded drugs | −0.32 | 0.64 |
Generic drugs | −0.14 | 0.15 |
Predominantly non-maintenance classa | −0.10 | 0.09 |
Predominantly maintenance classa | −0.17 | 0.17 |
Table reports (unweighted) average (and std. dev.) estimated elasticities for different subsets of drugs (and therapeutic classes). See on-line appendix for details of how these classifications are constructed.
We consider a class as “predominantly maintenance” if the majorty of the associated drugs are classified as to maintenance drugs; in most therapeutic classes all drugs are either maintenance or not.