A macromarketing analysis of prescription drugs in the U.S.
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Date
2008
Authors
Wymer, Walter
Journal Title
Journal ISSN
Volume Title
Publisher
Journal of Research for Consumers
Abstract
The U.S. prescription drug macromarketing system is examined. Over time, this system has become unbalanced. The system has evolved into one in which market competition has been restricted. This market system now has substantial entry barriers, producer collusion, and extensive linkages between producers and government resulting in government protection of producers. Suggested reforms are offered which aim to bring into greater harmony the interests of both producers and society, while acknowledging the importance of prescription drugs to society and maintaining producer incentives to invest in research and development of innovative new drugs.
Description
Open access article. Creative Commons Attribution 4.0 International License (CC BY 4.0) applies
Keywords
Macromarketing system , Market systems , Market competition , Prescription drugs , Drug companies , Marketing system
Citation
Wymer, W. (2008). A macromarketing analysis of prescription drugs in the U.S. Journal of Research for Consumers, 14, 1-19. Retrieved from http://jrconsumers.com/academic_articles/issue_14/Macromarketing_academic.pdf