Correction: Relative thinking with exogenous reference prices in multiple price comparisons

Comparisons of Insulin Spending and Price Between Canada and the United States

Reference price effect of partially similar online products in the consideration stage

MA07.11 Drug Price Comparison in Advanced Lung Cancer – High Cost Prices is Accompanied by Patient Benefits?

A major contributor to increased healthcare spending in the United States is drug pricing, as US drug prices are nearly 3× higher than those in other countries. This cross-sectional study aimed to investigate current global price differences in liver transplant medications and provide potential cost savings for Medicare Part D if international reference pricing was adopted. Publicly available drug formularies for Canada, the United Kingdom, Japan, France, Germany, Italy, and Australia were used to collect 2024 prices for 8 commonly used liver transplant medications (mycophenolate mofetil, mycophenolate sodium, sirolimus, tacrolimus, Advagraf, Envarsus, everolimus, and cyclosporine). US prices were obtained from UptoDate's 2024 listed representative average wholesale prices and Medicare Part D's drug prices from 2022. The average US wholesale price and Medicare spend for originator liver transplant medications were 4.1× and 6.8×, respectively, the average originator prices in G7 countries and Australia. Adopting the average global originator drug price per dose may lead to an estimated $26 141 463 in cost savings per year to Medicare. The average US wholesale price and Medicare spend for generic liver transplant medications were 2.76× and 3.75×, respectively, the global average generic prices. Adopting the average global generic drug price per dose may lead to an estimated $363 538 474 in cost savings per year to Medicare. This study demonstrates the significantly greater financial burden that liver transplant patients in the United States face compared with liver transplant patients in 7 other major industrial countries. Future adoption of international reference pricing may help bridge this pricing disparity.

The authors expand and integrate prior price-perceived value models within the context of price comparison advertising. More specifically, the conceptual model explicates the effects of advertised selling and reference prices on buyers’ internal reference prices, perceptions of quality, acquisition value, transaction value, and purchase and search intentions. Two experimental studies test the conceptual model. The results across these two studies, both individually and combined, support the hypothesis that buyers’ internal reference prices are influenced by both advertised selling and reference prices as well as the buyers’ perception of the product's quality. The authors also find that the effect of advertised selling price on buyers’ acquisition value was mediated by their perceptions of transaction value. In addition, the effects of perceived transaction value on buyers’ behavioral intentions were mediated by their acquisition value perceptions. The authors suggest directions for further research and implications for managers.

The law of free access to the transmission network obliges the transmission network to be in orbit, and on the other hand, the high loads in the transmission network, and economic uncertainties cause that the owners of transmission companies, don’t have sufficient motivation and resources to rebuild and develop the network. The main objective of this paper is the modeling the price of emergency power transmission lines in the reserve markets. This paper presents a method for calculating the reference price that a transmission line owner uses to bid on a price in excess of the nominal capacity of the transmission line under his ownership. For this purpose, first, the effects of operating a transmission line at a power greater than the rated power are described. After that, the reduction rate of the transmission line due to operation in these conditions is calculated, and finally the price determination is calculated based on the reduction rate of the generated life. In the next stage, this excess capacity is entered the two-stage model of energy market and reservation considering renewable energy sources as a price offer function. Numerical results of 6-Shin network show that the entry of renewable energy sources reduces energy costs, but the costs of the reserve market increases due to uncertainty. However, despite the emergency capacity, these costs are reduced due to the use of cheap resources in the network.