UBC Faculty Research and Publications

Price and productivity measurement in a pharmaceutical sector sub-market : the real cost of treating hypertension Morgan, Steve


This study investigates potential information problems in pharmaceutical price and productivity measurement in the sub-market pertaining to drugs used in the treatment of hypertension. Pharmacological treatment of hypertension offers a particularly clear illustration of the distinction between scientific information, which might be considered measurable and socially valuable, and the unmeasurable influences (or “information”) affecting doctors preferences for certain drugs. This treatment category is relatively old and well studied. It is also of enormous importance given the incidence of hypertension and the steadily growing expenditures on drugs to treat it.

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