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Apr 14, 2011 . The new law will make it very difficult to bring new drugs to market . . their pricing
the average market price measure (4). Urbany, Bearden, and Weilbaker (10)
Mind of Marketing, "How your pricing and marketing strategy should be
Mar 11, 2011 . Key policies, like external price referencing and reference price systems, .
Feb 21, 2010 . Marketers can convince the buyers to purchase their product or service by
Buyer's internal reference price. In the marketing literature, reference prices are
The reference price can be enforced rigidly as a condition to either authorise the
marketing is that consumers respond to price relative to some standard of
market segmentation between rich and poor countries if consumers in rich
as proxies for internal reference prices. To decrease the possibility that bias will
“comparable” product(s) in the same market. Specifically, reference price
Reference prices in retail advertisements: moderating effects of market price
Network externalities, reference prices effects and the dynamic .
nomic theory of consumer choice, and examines the effects of reference price
Market access: China and international reference pricing. Posted by Cyrus
Apr 11, 2002 . Reference pricing, a phenomenon of interest to marketing scholars and
In the concluding section, the authors discuss the managerial impli- cations of
Aug 13, 2010 . For example, some companies adjust their prices depending on the “reference
THE PRICE COMPARISON PROCESS. Internal Reference Price Versus
consistent and significant impact on consumer choice. 2.2. Effects of internal and
Martin Spann, professor of marketing and innovation, School of Business and .
National price control authorities may use a combination of these approaches to
Two types of reference pricing are used in Hungary. 1. Under the fixed
Based on these findings, we measure consumers' perceptions of "normal market
encode brand price (Briesch et al. 1997). Although some researchers argue that
I. TNTRODUCTION. This paper incorporates the concept of reference price in an
The purpose of this paper is to argue that there is now sufficient empirical
REFERENCE PRICING OF PHARMACEUTICALS. Abstract. We consider a
cap regulation and reference pricing (RP) S on competition and pharmaceutical
These include direct and indirect price controls, profit controls, reference pricing,
Kopalle, Praveen K., Ambar G. Rao, and João L. Assunção (1996), "Asymmetric
TERMS OF REFERENCE. COMPOST MARKET DEMAND AND PRICING
setting ambitious targets for future performance;. − progressively moving away
Usually. (but not always), we use the “average product” as the reference. We start
Jan 12, 2012 . Reference pricing studies in marketing: A synthesis of research results. Author
The authors review how part of the Slovenian pharmaceutical market was
Jan 1, 2011 . A third general result is that generic market shares significantly increased
Our results hold under very general reference dependent demand models.
A common use of reference pricing occurs when sale prices are compared to
Manoj Thomas and Geeta Menon. Executive Summary A fundamental
Apr 4, 2008 . People often compare a product's price to a “reference price” that they . of the
(1993) Biswas et al. Journal of Business Research. Read by researchers in: 50%
by relying on the reference price ad ratber than locating the item at a competitor
Sep 6, 2010 . Decoys, in marketing, are products, services, or price points that a business
Definition of reference pricing: Strategy in which a product is sold at a price just
KEYWORDS. Demand Analysis, Global Launch, Health Outcomes,. Market
Mind of Marketing, "How your pricing and marketing strategy should be
Various internal reference prices have been discussed in the literature, including
difference in prices among equivalent drugs, and (3) more important is the actual
Marketers often try to influence people's price perceptions through the use of
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