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This paper examines market definition and competition policy in the pharmaceutical industry, focusing on the effects of generic drug entry on competitive dynamics. It finds that generic entry can alter market boundaries and reduce competitive pressure on originator drugs, leading to a need for re-evaluation of traditional market definitions. The authors argue that market delineation should be contingent on the theory of harm, emphasizing the importance of understanding competitive constraints in the context

Author

lmgb.peyrade.santiago

Language

EN