The Economics of Direct-to-Consumer Advertising of Prescription-Only Drugs: Prescribed to Improve Consumer Welfare?

AuthorsMorgan SG, Mintzes B, Barer ML
SourceJournal of Health Services Research and Policy. 2003 October;8(4):237-244.
AbstractAccording to economic theory, one might expect that the informational content of direct-to-consumer advertising of prescription-only drugs would improve consumers' welfare. However, contrasting the models of consumer and market behaviour underlying this theory with the realities of the prescription-only drug market reveals that this market is distinct in ways that render it unlikely that advertising will serve an unbiased and strictly informative function. A review of qualitative evidence regarding the informational content of drug advertising supports this conclusion.
CodeCHSPR 03:09R

a place of mind, The University of British Columbia

UBC Centre for Health Services and Policy Research
201 - 2206 East Mall, Vancouver BC, V6T 1Z3
Tel: 604.822.4969
Fax: 604.822.5690
E-mail: enquire@chspr.ubc.ca

Emergency Procedures | Accessibility | Contact UBC | © Copyright The University of British Columbia