Prescription Drugs

Section IV of the book covers prescription drugs. In Chapter 18, we introduce prescription drugs and provide a broad overview of the institutional details of this market. In Chapters 19 and 20, we examine the economics of pharmaceutical pricing, starting with brand name drugs (Chapter 19) and then a brief discussion of generic drugs (Chapter 20). Finally, in Chapter 21, we discuss current prescription drug policy in the U.S. and the potential for reform.