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Understanding Firm, Physician and Consumer Choice Behavior in the Pharmaceutical Industry
Authors:Puneet Manchanda  Dick R Wittink  Andrew Ching  Paris Cleanthous  Min Ding  Xiaojing J Dong  Peter S H Leeflang  Sanjog Misra  Natalie Mizik  Sridhar Narayanan  Thomas Steenburgh  Jaap E Wieringa  Marta Wosinska  Ying Xie
Institution:(1) University of Chicago, Chicago;(2) Yale University, USA;(3) University of Toronto, Toronto;(4) New York University, New York;(5) Pennsylvania State University, Pennsylvania;(6) Northwestern University, Northwestern;(7) University of Groningen, Groningen;(8) Rochester University, Rochester;(9) Columbia University, Columbia;(10) Stanford University, Stanford;(11) Harvard University, USA;(12) Rutgers University, USA
Abstract:This paper argues that the pharmaceutical industry represents an exciting opportunity to carry out academic research. The nature of the industry allows researchers to answer new questions, develop new methodologies for answering these questions as well as to apply existing methodology to new data. The paper opens with some industry background, then provides a brief overview of some important research areas and discusses the open questions in each area. Issues of data type and availability are also discussed. This paper is based on a session (with the same title and participants) that was part of the Sixth Invitational Choice Symposium hosted by the University of Colorado and held at Estes Park, Colorado during June 4–8, 2004.
Keywords:pharmaceutical marketing  patient compliance  response models  new products  physician networks  pharmaceutical pricing
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